Question: 1. Explain when a contract must be evidenced by a writing 2. Explain the effect of noncompliance with the statute of frauds 3. Explain the

1. Explain when a contract must be evidenced by a writing

2. Explain the effect of noncompliance with the statute of frauds

3. Explain the parol evidence rule and the exceptions to this rule

4. Understand the basic rule of contract construction that a contract is enforced according to its terms

5. State the rules for interpreting ambiguous terms in a contract

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