Chapters 9-12 Review Game

Certain types of contracts require special evidence (usually written evidence) to be enforceable.

• True
• False

Contracts for the sale of real estate must be in writing to be enforceable.

• True
• False

A voidable contract is enforceable against both parties unless a party with the right to cancel the contract has done so.

• True
• False

If Carlos, a minor, buys a used car from the local Chevy dealer, the parties have a void contract.

• True
• False

A contract is executory if it has not been fully performed.

• True
• False

A contract is express when the parties directly state its terms at the time the contract is formed.

• True
• False

Which of the following is true regarding a contract?

• An oral contract is always enforceable if it is supported by the greater weight of the evidence.
• It does not require contractual capacity if the parties are eighteen years of age or older.
• It is an agreement based on an offer and an acceptance of the offer.
• It need not be supported by consideration.

Article 2 of the Uniform Commercial Code applies to all contracts for the

• sale of real property
• sale of goods
• negotiation of commercial paper
• provision of services

According to the UCC, the "reasonableness" standard

• is a practical standard used to gauge what people really do in the marketplace
• is a theoretical concept based on the "reasonable person" standard of tort law
• refers to the factual or status incapacity of one or more contracting parties
• requires that jurors use their subjective opinions to determine whether a contract for the sale of goods exists, and whether justice dictates that it be enforced

Gerald enters into an agreement with Bob to sell her farm to him. They shake hands to "seal the deal," but do not put the agreement in writing. The contract is

• voidable but enforceable
• executed
• valid
• unenforceable