Chapter 15.

Question 1

Statute of frauds

Answer 1

State statute that requires certain types of contracts to be in writing to be enforceable

Question 2

Statute or frauds requirements

Answer 2

Contracts for interest of land 
Contracts over a year 
Collateral contracts 
Contracts in consideration to marriage 
Contracts for sale of goods $500+

Question 3

Collateral promise

Answer 3

Secondary promise; to pay debts of another if the latter fails to perform

Question 4

Prenuptial agreement

Answer 4

Agreement made before marriage that define each partner’s ownership rights in the other partner’s property

Question 5

Promissory estoppel

Answer 5

Oral contract that would otherwise be unenforceable under the statute of frauds

Question 6

Patio evidence rule

Answer 6

Testimony or other evidence of communications between the parties that is not contained in the contract itself.
Not accepted by courts

Question 7

Exceptions to Parol evidence rule

Answer 7

Contracts subsequently modified
Voidable or void contracts
Contracts with ambiguous terms
Incomplete contracts
Prior dealing, course of performance, or usage of trade
Contracts subject to an orally agreed on condition

Question 8

Integrated contract

Answer 8

Written contract that constitutes the final expression of the parties agreement.