Question: I have this true and false homework can someone help me pleaseeeee . I need it right now as soon as possible the questions are
I have this true and false homework can someone help me pleaseeeee . I need it right now as soon as possible the questions are on the photo



15. In order to comply with the requirements of most statutes of frauds, the writing memorandum must be signed by both parties to the agreement. 16. The parol evidence rule is a rule of evidence that prohibits the parties from subsequently orally modifying their written contract. 17. A sale is defined as the transfer of title of goods from seller to buyer for a price. 18. services. Specific performance may be ordered in a contract situation calling for personal 19. 20. A valid contract meets all of the requirements of a binding contract. A void contract is an agreement without legal effect. 21. A voidable contract is capable of being made void. 22. An enforceable contract can never be breached. 23. 24. A breach is the failure to properly perform a contractual obligation. Mutual assent and breach of contract are synonymous terms. 25. Article 1 of the UCC governs the sale of goods. 26. UCC stands for Uniform Contractual Capacity. Gods of $590.00 27. The UCC applies in every state within the USA. 28. contract. It is not necessary for all of the parties to an enforceable contract to have capacity to 29. detriment. Each party to an enforceable contract must exchange a legal benefit or incur a legal 30. When a breach of contract occurs, the injured party has a duty to take steps to minimize the damages that may be sustained. 31. All written contracts are valid and enforceable. 32. An offer remains open for the time period specified or, if no time is stated, then for a reasonable period of time. 33. A reasonable period of time for all offers is three (3) days, or seventy two (72) hours. 2True / False Most contracts are primarily governed by state common law . 2 Nearly every business transaction is based on contract law , and even the most common transactions may involve multiple contracts . 3 . A voidable contract is an agreement that does not meet all of the requirements of a binding contract ; thus , it is no contract at all and has no legal effect . 4 . An offer is a proposal , expressed either in words or by conduct , by one person to another indicating a willingness to enter into a contract . J . A contract for the sale of goods need not specify the price in order to have an effective contract . O . Duress in the form of physical force may render a resulting agreement voidable . 7 . The primary purpose of contract remedies is to compensate the injured party for the loss resulting from the contract breach by attempting to provide an equivalent of the promised performance . 8 The courts will not enforce an agreement declared illegal by statute . 9. As a general rule , neither party to an illegal contract can sue the other for breach in recover for any performance rendered . 10 . As ageneral rule , a contract entered into by a minor is voidable at the minor'sopti 1 1 . A minor has the option of ratifying a contract after reaching majority , which me the contract binding from the beginning . 2 . In most states , minors who fraudulently misrepresented their age at the tif contract was entered into , may nevertheless disaffirm the contract . price . A minor who contracts for a necessary item ( s ) will be liable for the full co It is optional with the parties , under the statute of frauds , whether to redu agreement to writing .34 . Rejection is the refusal to accept an offer . 35 . 36 . A minor is a person under the age of legal majority . 37 . A minor is never liable for damages for their breach of a contract . Goods are movable , tangible , personal property . 38 . 39. A lease is the transfer of title to goods from seller to buyer for a price consideration . A lease is the transfer of right to possession and use of goods in return for 40 . Leases are covered by Article 3 of the UCC . 41 . Consumer leases do not involve merchants . 42 . All business transactions are covered by the UCC . 43 . " Good Faith " consists of honesty in fact in conduct or transaction . 44 . Courts may refuse to enforce an unconscionable contract . 45 . The UCC provides that a contract for the sale of goods of $500. 00 or less is not enforceable unless there is a writing or record to show the existence of the agreement . 46 . All contracts must be in writing . 47 . All contracts must be in writing to satisfy the statue of frauds . 48 . Monetary damages are the only available remedy for a breach of contract . 49 . Manufacturers and sellers may be liable for defective products . 50 . Product liability law is based on tort law
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