BLAW Final Exam 3 Practice
Questions with Complete Answers
2026 Set.
Statute of Frauds - Answer law that requires certain contracts to be in writing to be
enforceable
Contracts for the sale of goods worth_____ and more must be in writing - Answer $500
Contracts transferring _____ must be in writing - Answer property rights
If contracts cannot be completed in ____ year, they must be in writing - Answer 1
Contracts entered into by ____ and _____ must be in writing - Answer executors and
administrators
Contracts by one party to pay ____ for another party must be in writing - Answer debt
Contracts in consideration of ____ must be in writing - Answer marriage
An exception to the rule that contracts for the sale of land must be in writing is called ________
or ________ - Answer part performance or equitable estoppel
A person who is named in a will to oversee the distribution of the estate of a deceased,
according to provisions outlined in the will. - Answer executor
A person who is named by the court to do the work of an executor if none is named in the will
or if this executor cannot or will not perform said duties. - Answer administrator
These terms describe a promise made by one person to pay another person's debt - Answer
guaranty of payment, a guarantee contract, or a collateral contract.
A promisor is usually called a ______ - Answer guarantor
In commercial settings, the guarantor is referred to as a ______ - Answer cosigner
, Person to whom the promise is made is called the _____ - Answer obligee
Person who owes the original debt is called the______ - Answer obligor
The _______ states that if the promise to pay another party's debts is actually made to obtain a
gain for the guarantor, there is no need for a writing to enforce the promise - Answer primary
objective test
Primary objective test is also known as the ______ or ______ - Answer leading objective test
or main purpose test
A _______ involves two people who are planning marriage and who agree to change the
property rights they posses by law in a marriage. - Answer prenuptial agreement
The _____ supports the use of prenup agreements and provides for their enforcement - Answer
Uniform Premarital Agreement Act (UPAA)
A written agreement is often called a ______ - Answer memorandum
A memorandum should contain the following elements: - Answer terms of the agreement, ID
of subject matter, statement of consideration promised, IDs of the persons to be obligated, and
signature of party sought to be bound to the agreement
True or False: A contract is said to be outside the statute if it must be in writing to show that the
two objectives of the Statute of Frauds have been met - Answer False
True or False: Agreements made in consideration of marriage must be in writing to be
enforceable - Answer True
The ______ guides the entire interpretation process by directing the interpreter of a contract to
determine the principal objective of the parties in the making of the contract - Answer
standard construction rule
Under the_________, evidence of oral statements made before signing a written agreement is
usually not admissible in court to change or contradict the terms of a written agreement -
Answer parol evidence rule
A ______ is an act or promise that must take place of be fulfilled before the other party is
obligated to perform his or her part of the agreement. - Answer condition precedent
Questions with Complete Answers
2026 Set.
Statute of Frauds - Answer law that requires certain contracts to be in writing to be
enforceable
Contracts for the sale of goods worth_____ and more must be in writing - Answer $500
Contracts transferring _____ must be in writing - Answer property rights
If contracts cannot be completed in ____ year, they must be in writing - Answer 1
Contracts entered into by ____ and _____ must be in writing - Answer executors and
administrators
Contracts by one party to pay ____ for another party must be in writing - Answer debt
Contracts in consideration of ____ must be in writing - Answer marriage
An exception to the rule that contracts for the sale of land must be in writing is called ________
or ________ - Answer part performance or equitable estoppel
A person who is named in a will to oversee the distribution of the estate of a deceased,
according to provisions outlined in the will. - Answer executor
A person who is named by the court to do the work of an executor if none is named in the will
or if this executor cannot or will not perform said duties. - Answer administrator
These terms describe a promise made by one person to pay another person's debt - Answer
guaranty of payment, a guarantee contract, or a collateral contract.
A promisor is usually called a ______ - Answer guarantor
In commercial settings, the guarantor is referred to as a ______ - Answer cosigner
, Person to whom the promise is made is called the _____ - Answer obligee
Person who owes the original debt is called the______ - Answer obligor
The _______ states that if the promise to pay another party's debts is actually made to obtain a
gain for the guarantor, there is no need for a writing to enforce the promise - Answer primary
objective test
Primary objective test is also known as the ______ or ______ - Answer leading objective test
or main purpose test
A _______ involves two people who are planning marriage and who agree to change the
property rights they posses by law in a marriage. - Answer prenuptial agreement
The _____ supports the use of prenup agreements and provides for their enforcement - Answer
Uniform Premarital Agreement Act (UPAA)
A written agreement is often called a ______ - Answer memorandum
A memorandum should contain the following elements: - Answer terms of the agreement, ID
of subject matter, statement of consideration promised, IDs of the persons to be obligated, and
signature of party sought to be bound to the agreement
True or False: A contract is said to be outside the statute if it must be in writing to show that the
two objectives of the Statute of Frauds have been met - Answer False
True or False: Agreements made in consideration of marriage must be in writing to be
enforceable - Answer True
The ______ guides the entire interpretation process by directing the interpreter of a contract to
determine the principal objective of the parties in the making of the contract - Answer
standard construction rule
Under the_________, evidence of oral statements made before signing a written agreement is
usually not admissible in court to change or contradict the terms of a written agreement -
Answer parol evidence rule
A ______ is an act or promise that must take place of be fulfilled before the other party is
obligated to perform his or her part of the agreement. - Answer condition precedent
