Business Law Chapter 10 Form of the Contract – Flashcards
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Breach of contract
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Wrongful failure to perform one or more promises. P 207
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Perjury
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Making a false statement under oath. P 207
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Statue of Frauds
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State laws requiring that certain contracts be evidenced in writing. P 207
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Memorandum
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Written evidence of an agreement. P 207
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Goods
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Moveable items including specially manufactured items such as furniture, books, livestock, cultivated crops, clothing, automobiles, and personal effects of any kind. P 213
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Real property
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Land and anything permanently attached to it. P 213
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Parol evidence
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States that evidence of oral statements made before signming a written agreement that cannot be presented in court to change or add to the terms of that written agreements. P 215
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Best evidence rule
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The requirement that the original copy of a written agreement be submitted into evidence. P 216
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Duplicate original
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Copy of the orginal written agreement. P 216
