#1
Which of the following contracts must be in writing to be enforceable under the Statute of Frauds?
A contract for the sale of goods worth $500 or more
ExplanationContracts for goods over $500 require written documentation under the Statute of Frauds.
#2
Which principle does the Statute of Frauds aim to uphold?
Preventing fraud and perjury in certain types of contracts
ExplanationThe Statute of Frauds aims to prevent fraud and perjury in specific contract types.
#3
What is the purpose of the Statute of Frauds?
To prevent certain types of contracts from being enforced unless they are in writing
ExplanationThe Statute of Frauds aims to prevent enforcement of specific contracts unless written.
#4
Which of the following contracts is NOT covered by the Statute of Frauds?
A contract for a haircut
ExplanationContracts for haircuts are not covered by the Statute of Frauds.
#5
In which year was the Statute of Frauds enacted in England?
1677
ExplanationThe Statute of Frauds was enacted in England in 1677.
#6
Which of the following is NOT one of the types of contracts covered by the Statute of Frauds?
Contracts for services under $100
ExplanationContracts for services under $100 are not covered by the Statute of Frauds.
#7
Which jurisdiction generally follows the Statute of Frauds?
Common law jurisdictions
ExplanationCommon law jurisdictions typically adhere to the Statute of Frauds.
#8
What is the primary purpose of the signature requirement under the Statute of Frauds?
To indicate agreement and consent to the terms of the contract
ExplanationThe signature requirement signifies agreement and consent to contract terms under the Statute of Frauds.
#9
Which of the following is a requirement for a contract to fall under the Statute of Frauds?
The contract must be for a duration longer than one year
ExplanationContracts must extend beyond one year to fall under the Statute of Frauds.
#10
What does the 'one-year rule' in the Statute of Frauds refer to?
Any contract that extends beyond one year must be in writing
ExplanationContracts lasting over one year must be in writing according to the 'one-year rule' in the Statute of Frauds.
#11
Under the Statute of Frauds, which action may suffice as 'written evidence' of a contract?
A signed memorandum detailing the agreement
ExplanationA signed memorandum detailing the agreement can serve as written evidence under the Statute of Frauds.
#12
Which of the following is NOT a defense against the enforcement of a contract covered by the Statute of Frauds?
Oral modification
ExplanationOral modification is not a defense against enforcing contracts under the Statute of Frauds.
#13
What happens if a contract subject to the Statute of Frauds is not in writing?
The contract is unenforceable
ExplanationContracts subject to the Statute of Frauds are unenforceable if not in writing.
#14
Which landmark case in contract law clarified the requirements of the Statute of Frauds in the United States?
Lucy v. Zehmer
ExplanationLucy v. Zehmer is a landmark case clarifying the Statute of Frauds requirements in the United States.
#15
Which of the following is NOT a common exception to the Statute of Frauds?
Full performance
ExplanationFull performance is not a common exception to the Statute of Frauds.
#16
In the context of the Statute of Frauds, what is the parol evidence rule?
A rule prohibiting the introduction of oral evidence to contradict the terms of a written contract
ExplanationThe parol evidence rule bars oral evidence contradicting written contract terms under the Statute of Frauds.