Contradict the terms of the written contract


Problem 1. The Uniform Commercial Code (UCC) is a unified set of statutes designed to govern almost all of these transactions:

  • Real Estate Purchases
  • Commercial Transactions
  • Employment Contracts

Problem 2. The term "express contract" only applies to written contracts.

  • True
  • False

Problem 3. The "Statute of Frauds" provides that certain contracts must be in writing to be enforceable.

  • True
  • False

Problem 4. Which of the following is NOT an exception to the UCC rule that contracts for the sale of goods of $500 or more must be in writing:

  • Specially manufactured goods that cannot be resold easily
  • Admissions in Court
  • Executed Agreements
  • Oral contracts between merchants with no written confirmation required

Problem 5. The parol evidence rule provides that oral statements made before signing a written contract may always be used in court to change or contradict the terms of the written contract.

  • True
  • False

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Business Law and Ethics: Contradict the terms of the written contract
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