When interpreting ambiguous language the court:

Multiple Choice

allows oral testimony to aid in interpretation.

allows oral testimony or written evidence to aid in interpretation but only if the contract involves an amount of $5,000 or less.

considers other written evidence to aid with interpretation but disallows clarifying oral testimony.

disallows the language based on the parol evidence rule.

2

Contracts where a third party agrees to responsible for the debts or default of another party are referred to as:

Multiple Choice

Collateral contracts

Land grant contracts

Liquidated contracts

Debt contracts

Which of the following is not an exception to the parol evidence rule?

Multiple Choice

One party is dissatisfied with the terms of the contract.

One party claims they were deceived when entering into the contract.

The contract is not complete.

The terms of the contract are not clear.

4

Which of the following doctrines states that the promises of those who are primarily motivated by a desire to secure some personal benefit fall outside the statute of frauds?

Multiple Choice

Payment doctrine

Guarantor doctrine

Good faith doctrine

Leading doctrine