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