Jane agrees to make kitchen cabinetry for Henny, who tells Enoch that she will guarantee payment for whatever supplies Jane orders from Enoch for the shelves. Hennys promise is enforceable

Jane agrees to make kitchen cabinetry for Henny, who tells Enoch that she will guarantee payment for whatever supplies Jane orders from Enoch for the shelves. Hennys promise is enforceable

a) only if it is in writing
b) only if it is oral
c) whether it is oral or in writing
d) under no circumstances

Answer: C

Eiger borrows $1,000 from front street bank. Giselle orally promises the banks that she will repay the debt if Eiger does not. This promise is enforceable by

Eiger borrows $1,000 from front street bank. Giselle orally promises the banks that she will repay the debt if Eiger does not. This promise is enforceable by

a) Eiger only
b) Eiger or Front Street Bank
c) Front street Bank only
d) neither Eiger nor Front Street Bank

Answer: D

Jeb and Keri enter into a contract for Jeb's sale to Keri of seven telescopes for $500 each. After Keri takes possession, but before she makes payments this contract is enforceable

Jeb and Keri enter into a contract for Jeb's sale to Keri of seven telescopes for $500 each. After Keri takes possession, but before she makes payments this contract is enforceable

a) only if it is in writing
b) only if it is oral
c) whether it is oral or in writing
d) under no circumstances

Answer: C

Casual Investors, Inc. contracts with Formal properties to buy one of Formals office buildings. The contract is most likely enforceable against Formal if Causal offers as proof of the agreement

Casual Investors, Inc. contracts with Formal properties to buy one of Formals office buildings. The contract is most likely enforceable against Formal if Causal offers as proof of the agreement

a) a blank sheet of Formals letterhead stationery
b) Formals business card
c) Photos of the building taken by a casual employee
d) none of these

Answer: D

Music Rental and Sales Company contracts with Band Together, Inc. To buy seventy-six trombones and on assortment of other musical instruments. The contract is most likely enforceable against Band Together if Music Rental and Sales offers as proof of the agreement

Music Rental and Sales Company contracts with Band Together, Inc. To buy seventy-six trombones and on assortment of other musical instruments. The contract is most likely enforceable against Band Together if Music Rental and Sales offers as proof of the agreement

a) an ad placed in the media by Band together
b) a purchase order signed by Music Rental and Sales
c) a sales slip signed by Band together
d) testimony by a Music Rental and Sales agent

Answer: C

Warehouses,, Inc. Orally contracts for a lease of its storage facilities to Valu Storage Company. Value Storage pays part of the price, takes possession, and makes permanent improvements to the property. The contract is most likely enforceable against

Warehouses,, Inc. Orally contracts for a lease of its storage facilities to Valu Storage Company. Value Storage pays part of the price, takes possession, and makes permanent improvements to the property. The contract is most likely enforceable against

a) neither Warehouses nor Value Storage
b) Warehouse and Value Storage
c) Warehouses only
d) Valu Storage only

Answer: B

Polyhedron Engineering Company and Omega Imaging Corporation enter into an oral contract for the sale of a warehouse. Before Omega takes possession, this contract is enforceable by

Polyhedron Engineering Company and Omega Imaging Corporation enter into an oral contract for the sale of a warehouse. Before Omega takes possession, this contract is enforceable by

a) Polyhedron only
b) Polyhedron or omega
c) neither Polyhedron or omega
d)omega only

Answer: C

Under a written agreement, Rosalie sells a motel to Felix. When Roalie removed the furniture, Felix sues. The court decides the written agreement includes everything the parties intended. Which of the following agreements about the furniture will be admissible?

Under a written agreement, Rosalie sells a motel to Felix. When Roalie removed the furniture, Felix sues. The court decides the written agreement includes everything the parties intended. Which of the following agreements about the furniture will be admissible?

a) a prior written agreement only
b) a subsequent oral agreement only
c) either a prior written agreement or a subsequent oral agreement
d) neither a prior written agreement nor a subsequent oral agreement

Answer: B

Sham Rock Mining and Sales Company agrees to hire Leif as a sales representative for six months. Their contract is oral. This contract is enforceable by

Sham Rock Mining and Sales Company agrees to hire Leif as a sales representative for six months. Their contract is oral. This contract is enforceable by

a) neither Sham Rock nor Leif
b) Sham Rock only
c) Sham Rock or Leif
d) Leif only

Answer: C

Marci orally promises to work for Lions Share Oil Company, whose representative orally promises to employ Marci at a rate of $1,000 a week. This contract must be in writing to be enforceable if Marci promises to work for

Marci orally promises to work for Lions Share Oil Company, whose representative orally promises to employ Marci at a rate of $1,000 a week. This contract must be in writing to be enforceable if Marci promises to work for

a) at least five years
b) five years but either party can terminate the contract on two weeks notice
c) less than a year
d) life

Answer: A