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Parol evidence can be introduced at trial to correct an obvious clerical error in a contract if the error clearly does not represent the parties' agreement.

A) True
B) False

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Char and Dill sign a written contract for the sale of Dill's BBQ Food Truck to Char. The parties intend their written contract to be a final statement of the terms of their agreement. Later, Dill disputes some of the provisions in the deal with Char. If the dispute results in litigation, a court will most likely exclude evidence that


A) supports the written terms.
B) contradicts the written terms.
C) duplicates the written terms.
D) reinforces the written terms.

E) C) and D)
F) A) and C)

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Representatives of Oil Inc. and Petro Corporation discuss the terms of a contract for shipments of refined oil. Petro e-mails Oil a note that summarizes the points on which they agreed. Between these parties, there is


A) an oral contract only.
B) a tentative contract only.
C) a written contract.
D) no contract.

E) B) and C)
F) C) and D)

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In an effort to prevent fraud, the Statute of Frauds denies enforceability to certain contracts that do not comply with its requirements.

A) True
B) False

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Lew tells a representative of Music Inc. that he will pay for Nora's trumpet if she does not. Lew does not secure any personal benefit for this promise. This promise is enforceable as a contract


A) any of the choices.
B) only if Nora agrees to it.
C) only if the value of the trumpet is more than $500.
D) only if it is in writing.

E) None of the above
F) B) and D)

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Farah agrees to assume a debt owed by Guitars Inc. to Home Bank. The agreement is not in writing. To be enforceable under the "main purpose" rule, the promise must be for the benefit of


A) any third party, such as a Guitars Inc. customer.
B) Farah.
C) Guitars Inc.
D) Home Bank.

E) B) and D)
F) All of the above

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In a transaction for the sale of a warehouse, Storage Company tells Truck Dispatch Corporation that the office furniture is included. The contract says nothing about furniture, but does state, "This document supersedes all oral promises relating to the sale." Is the furniture part of the sale? Why or why not?

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No, the furniture is not part of this de...

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The assumption of direct financial responsibility for a debt does not need to be in writing to be enforceable.

A) True
B) False

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To be enforceable, a memorandum evidencing an oral contract must identify the consideration.

A) True
B) False

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To satisfy the UCC's Statute of Frauds, a writing evidencing a sales contract need only state the price term.

A) True
B) False

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A contract for the sale of land does not ordinarily include physical objects attached to the real property, such as buildings, fences, and trees.

A) True
B) False

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Natalie promises to pay for medical services provided by Otto to Polly. Natalie receives no personal benefit for the promise. To be enforceable, the promise must be in writing if


A) Natalie promises to pay only if Polly does not pay.
B) Natalie assumes primary financial responsibility for the cost.
C) Otto's services will be provided in installments with separate payments.
D) Polly also promises to pay.

E) C) and D)
F) A) and D)

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To clarify the terms of a written contract, a court will admit any parol evidence.

A) True
B) False

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Guardian Security Inc. and Hedge Fund Corporation enter into an oral contract under which Guardian agrees to provide services for Hedge's offices for as long as needed. This contract may be enforceable by


A) Guardian only.
B) Hedge only.
C) any interested third party, such as one of the firms' employees.
D) either Guardian or Hedge.

E) A) and B)
F) B) and C)

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A promise to pay a primary obligation normally must be in writing to be enforceable.

A) True
B) False

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Merl buys a tablet for $500, running shoes for $200, and a set of the Game of Crowns books for $100. To be enforceable as a contract, a writing is required for the purchase of


A) the books, the shoes, and the tablet.
B) the shoes and the tablet only.
C) the tablet only.
D) the books only.

E) B) and C)
F) A) and D)

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A written contract or a written memorandum signed by the party who seeks to enforce it will satisfy the Statute of Frauds.

A) True
B) False

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Pumps Inc. agrees to assume a debt of Quality Parts Company to Reliable Finance LP. The agreement is not in writing. To be enforceable, the promise must be for the benefit of


A) all of the choices.
B) Pumps.
C) Quality.
D) Reliable.

E) A) and B)
F) A) and C)

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According to most states' laws, to be enforceable as a contract under the Statute of Frauds, a writing must


A) contain both contracting parties' signatures.
B) describe the parties.
C) name the parties.
D) recite the parties' contractual motivations.

E) All of the above
F) A) and C)

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An agreement that involves an option to buy real property need not be in writing for the option to be enforced.

A) True
B) False

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