1. You have accepted a two year job assignment in Texas. Rather than sell your home, you are going to rent it out. You received a $2000 bonus from your boss and have decided to buy a few things. You buy a new computer for $800, a new mp3 player for $300, and a new watch for $600. Also, your sister owes $1000 to a credit card company. She asks you to pay the debt for her, to which you agree. Check all those issues for which the Statute of Frauds would require a written contract.

$1000 payment to credit card for sister

$800 computer

$300 mp3 player

$600 watch

Two year job assignment

Renting your home

$2000 bonus

2. Indicate whether the following contracts are valid, void, voidable or unenforceable.

Frank, who has Alzheimers disease, walks away from home one day in the middle of a blizzard. He walks for miles and ultimately walks into a car dealership and buys a car. (Valid, Voidable, or Void)

16 year old buys a car on contract. (Valid, Voidable, or Void)

Mary, who has a court appointed guardian, buys a new TV on contract. (Valid, Voidable, or Void)

16 year old rents an apartment. (Valid, Voidable, or Void)

Joe passes out at a bar and his friend rouses him and offers him $100 for his brand new car, to which Joe agrees. (Valid, Voidable, or Void)

Alice has some mental issues and is not always competent. She enters a computer store one day to buy a new computer. She asks numerous questions about the computers. (Valid, Voidable, or Void)