BLAW 243- EXAM 2 PowerPoint 19 || CORRECTLY
SOLVED.
A contract may be unenforceable because: correct answers A. Voluntary Consent is missing
OR
B. Contract is not in correct FORM
The Statue of Frauds Definition correct answers Statues (laws) that exist in every state which
require certain types of contracts are ENFORCEABLE ONLY IF the contract is IN
WRITING or evidenced by a written memorandum or electronic record that is signed
Types of Contracts under the Statute of Frauds correct answers 1. Interests in Land
2. Execution requires MORE THAN 1 year
3. Collateral contracts
4. Promises made in consideration of Marriage
5. Sale of goods priced at $500 or more.
Execution requires MORE THAN 1 year: correct answers A contract MUST be in writing if
the terms of the contract prove that performance is not possible in less than a year.
If the contract can possibly be performed within a year: correct answers It does not need to be
in writing to be enforceable
If the contract cannot possibly be performed and completed within 1 year: correct answers
The contract must be in writing to be enforceable.
On April 15, 2017, Chris speaks with the director of Mountain Top Camp over the phone and
agrees to send her daughter Elizabeth to summer camp from July 5 - 17, 2017. Chris also
agrees to pay Mountain Top no later than June 15, 2017. Chris agrees to pay Mountain Top
$1500, and Mountain Top reserves a spot for Elizabeth. If Chris backs out of this oral
agreement, will the Statute of Frauds bar Mountain Top from enforcing the contract?
A. Yes, the State of Frauds applies to this contract
B. No, this contract falls outside the Statute of Frauds correct answers A. Yes, the Statute of
Frauds applies to this contract
The firm of Happy Valley Real Estate Developers orally contracts with Serenity Landscaping
to landscape all future housing development projects "as long as Happy Valley Real Estate is
headquartered in within State College." The contract also contains definite payment terms.
If Happy Valley Real Estate Developers remain in State College, but stop using Serenity
Landscaping and hire Rock Landscaping instead, can Serenity enforce their oral agreement
with Happy Valley?
A. Yes, the oral agreement is enforceable—the Statute of Frauds does not apply;
B. No, the oral agreement is NOT enforceable—the Statute of Fraud applies. correct answers
B. No, the oral agreement is NOT enforceable—the Statute of Fraud applies.
SOLVED.
A contract may be unenforceable because: correct answers A. Voluntary Consent is missing
OR
B. Contract is not in correct FORM
The Statue of Frauds Definition correct answers Statues (laws) that exist in every state which
require certain types of contracts are ENFORCEABLE ONLY IF the contract is IN
WRITING or evidenced by a written memorandum or electronic record that is signed
Types of Contracts under the Statute of Frauds correct answers 1. Interests in Land
2. Execution requires MORE THAN 1 year
3. Collateral contracts
4. Promises made in consideration of Marriage
5. Sale of goods priced at $500 or more.
Execution requires MORE THAN 1 year: correct answers A contract MUST be in writing if
the terms of the contract prove that performance is not possible in less than a year.
If the contract can possibly be performed within a year: correct answers It does not need to be
in writing to be enforceable
If the contract cannot possibly be performed and completed within 1 year: correct answers
The contract must be in writing to be enforceable.
On April 15, 2017, Chris speaks with the director of Mountain Top Camp over the phone and
agrees to send her daughter Elizabeth to summer camp from July 5 - 17, 2017. Chris also
agrees to pay Mountain Top no later than June 15, 2017. Chris agrees to pay Mountain Top
$1500, and Mountain Top reserves a spot for Elizabeth. If Chris backs out of this oral
agreement, will the Statute of Frauds bar Mountain Top from enforcing the contract?
A. Yes, the State of Frauds applies to this contract
B. No, this contract falls outside the Statute of Frauds correct answers A. Yes, the Statute of
Frauds applies to this contract
The firm of Happy Valley Real Estate Developers orally contracts with Serenity Landscaping
to landscape all future housing development projects "as long as Happy Valley Real Estate is
headquartered in within State College." The contract also contains definite payment terms.
If Happy Valley Real Estate Developers remain in State College, but stop using Serenity
Landscaping and hire Rock Landscaping instead, can Serenity enforce their oral agreement
with Happy Valley?
A. Yes, the oral agreement is enforceable—the Statute of Frauds does not apply;
B. No, the oral agreement is NOT enforceable—the Statute of Fraud applies. correct answers
B. No, the oral agreement is NOT enforceable—the Statute of Fraud applies.
