Which of the following is not an example of an exception to the Statute of Frauds? a.
Question:
Which of the following is not an example of an exception to the Statute of Frauds?
a. Based on an oral contract to sell his house, Seller allows Buyer to move in and begin making improvements.
b. At the end of a one-year contract for goods totally $8million, Seller continues delivering, and Buyer continues accepting, additional goods. There is no writing.
c. Plaintiff sues Defendant to enforce an oral contract to deliver $10,000 worth of goods. Buyer's defense is that the contract is not in writing, but then admits under oath that she did orally agree to sell the goods to Plaintiff.
d. These are all exceptions to the Statute of Frauds.
e. None of these are exceptions to the Statute of Frauds.
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Which of the following is an example of an exception to the Parol Evidence Rule?
a. On January 15, Merchants sign a written contract for the sale goods. On January 20, they agree to draft a new contract. Both contracts may be admitted as evidence.
b. A purchases goods which will be delivered on a commercial vessel called Lusitania. Unbeknownst to A and the Seller, there are two ships called Lusitania. Information about the two boats, as well as prior negotiations between the parties about the delivery, may be admitted as evidence.
c. Landowner enters into a written contract with construction company to build an office building. The two orally agree that the contract is conditional on the City giving a zoning variance. This oral condition may be introduced as evidence.
d. They are all exceptions to the Parol Evidence Rule.
e. None of them are exceptions to the Parol Evidence Rule.
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain