Question

choose the correct answer, please

Which of the following is true regarding noncompliance with the statute of frauds?

1.The doctrine of promissory estoppel cannot displace the requirement of a writing under a statute of frauds.

2.The statute of frauds applies to executed and executory contracts.

3.The basic legal effect under the statute of frauds and the UCC differs.

4.A party to a contract which was unenforceable because of the statute of frauds but who relied upon the contract may recover in restitution the benefits he conferred on the other party.

In determining the meaning of a contract, which of the following will have first priority?

1.Usage of trade.

2.Course of performance.

3.Course of dealing.

4.Express terms.

Which of the following is untrue with regard to the interpretation of contracts?

1.All writings that are part of the same transaction are interpreted together.

2.Express terms prevail over course of performance, and course of performance prevails over course of dealing.

3.Handwritten or typed terms are given greater weight than preprinted terms.

4.Technical terms will always be given technical meaning and language that has a commonly accepted meaning is always interpreted in accordance with that meaning.

Answer 1

1) Which of the following is true regarding noncompliance with the statute of frauds?

Answer: Option (4) - A party to a contract which was unenforceable because of the statute of frauds but who relied upon the contract may recover in restitution the benefits he conferred on the other party.

2) In determining the meaning of a contract, which of the following will have first priority?

Answer: Option (4) - Express terms

3) Which of the following is untrue with regard to the interpretation of contracts?

Answer: Option (4) - Technical terms will always be given technical meaning and language that has a commonly accepted meaning is always interpreted in accordance with that meaning.