BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: statute of frauds
Answer:
1. attempts to ease contractual negotiations by requiring sufficiently
reliable evidence
2. prevent unreliable oral evidence from interfering
3. prevents parties from entering into contracts with which they don't agree
Q: contracts within the statute of frauds
Answer:
1. terms prevent possible performance within one
year
2. made in consideration of marriage
3. for one party to pay debt of another if one fails to pay
4. related to an interest of land
5. for sale of goods totaling more than $500(except when partial performance)
, BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: secondary obligation
Answer:
a party outside a primary agreement promises to fulfill one of the
original parties obligations if the original party fails to fulfill it
(administrator/executor)
exception: main-purpose rule
Q: main purpose rule
Answer:
exception under which secondary obligation does not need to be in
writing
main purpose is to obtain personal benefit
Q: what needs to be included in contract for sale of goods
Answer:
quantity to be sold
,BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: required elements under statute of frauds
Answer:
names, subject matter, consideration, all relevant
terms, and party against whom action is brought
Q: exceptions to statute of frauds
Answer:
admission
partial performance
promissory estoppel(reliance)
under UCC: between merchants and customized goods
Q: admission
Answer:
statement made in court in which a party whom charges have been brought
admits that an oral contract existed, even though it was required to be in writing
, BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: parol evidence rule
Answer:
makes oral evidence of an agreement inadmissible if it is made before or
at the same time as a writing that the parties intend to be the complete and final
version of
their agreement
prevents evidence that contradicts agreement in written form
Q: exceptions to parol evidence rule
Answer:
contracts that have been substantially modified,
conditioned on orally agreed terms, not final put part written part oral, with
ambiguous terms,
incomplete, with obvious typographical errors, voidable/void contracts, evidence of
prior
usage/dealings of trade(UCC)
Latest 2026 Update
Q: statute of frauds
Answer:
1. attempts to ease contractual negotiations by requiring sufficiently
reliable evidence
2. prevent unreliable oral evidence from interfering
3. prevents parties from entering into contracts with which they don't agree
Q: contracts within the statute of frauds
Answer:
1. terms prevent possible performance within one
year
2. made in consideration of marriage
3. for one party to pay debt of another if one fails to pay
4. related to an interest of land
5. for sale of goods totaling more than $500(except when partial performance)
, BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: secondary obligation
Answer:
a party outside a primary agreement promises to fulfill one of the
original parties obligations if the original party fails to fulfill it
(administrator/executor)
exception: main-purpose rule
Q: main purpose rule
Answer:
exception under which secondary obligation does not need to be in
writing
main purpose is to obtain personal benefit
Q: what needs to be included in contract for sale of goods
Answer:
quantity to be sold
,BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: required elements under statute of frauds
Answer:
names, subject matter, consideration, all relevant
terms, and party against whom action is brought
Q: exceptions to statute of frauds
Answer:
admission
partial performance
promissory estoppel(reliance)
under UCC: between merchants and customized goods
Q: admission
Answer:
statement made in court in which a party whom charges have been brought
admits that an oral contract existed, even though it was required to be in writing
, BLAW 3391 Final Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: parol evidence rule
Answer:
makes oral evidence of an agreement inadmissible if it is made before or
at the same time as a writing that the parties intend to be the complete and final
version of
their agreement
prevents evidence that contradicts agreement in written form
Q: exceptions to parol evidence rule
Answer:
contracts that have been substantially modified,
conditioned on orally agreed terms, not final put part written part oral, with
ambiguous terms,
incomplete, with obvious typographical errors, voidable/void contracts, evidence of
prior
usage/dealings of trade(UCC)
