QUESTION 37 Which of the following agreements must be in writing to satisfy the Statute of...

 

 

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QUESTION 37 Which of the following agreements must be in writing to satisfy the Statute of Frauds? A. An agreement to purchase a car. B. An agreement to rent a car for 12 weeks. OC. An agreement to lease a house for one year. D. All of the agreements above must be in writing to satisfy the Statute of Frauds. QUESTION 38 In order for consideration to be sufficient in a contract: A. Both the offeror and the offeree must gain something and lose something. B. The consideration has to be equal for both the offeror and the offeree. OC. The consideration must be of substantial value to the other party. OD.A and B only. QUESTION 35 The U.C.C.: A. Applies to the sale of goods and services, and never for the sale of land. OB. Can be applied to create a contract between merchants even if definite terms are missing. OC. Has effectively replaced the common law in all types of transactions. OD.A and C only. QUESTION 36 A Broadway actor, exhausted after his 10-hour workweek agrees to buy a briefcase full of cocaine from Lewis $12,000.00. Lewis and the actor have a contract. A. Valid B. Unenforceable OC. Voidable OD. Void QUESTION 37 Which of the following agreements must be in writing to satisfy the Statute of Frauds? A. An agreement to purchase a car. B. An agreement to rent a car for 12 weeks. OC. An agreement to lease a house for one year. D. All of the agreements above must be in writing to satisfy the Statute of Frauds. QUESTION 38 In order for consideration to be sufficient in a contract: A. Both the offeror and the offeree must gain something and lose something. B. The consideration has to be equal for both the offeror and the offeree. OC. The consideration must be of substantial value to the other party. OD.A and B only. QUESTION 35 The U.C.C.: A. Applies to the sale of goods and services, and never for the sale of land. OB. Can be applied to create a contract between merchants even if definite terms are missing. OC. Has effectively replaced the common law in all types of transactions. OD.A and C only. QUESTION 36 A Broadway actor, exhausted after his 10-hour workweek agrees to buy a briefcase full of cocaine from Lewis $12,000.00. Lewis and the actor have a contract. A. Valid B. Unenforceable OC. Voidable OD. Void

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Answer Explanation of answers are b... View the full answer