For the Requirement That Certain Types of Contracts Must Be

question 12

Multiple Choice

For the requirement that certain types of contracts must be in writing,promissory estoppel is an exception to:

• A)collateral guaranty contracts.
• B)transfers of interest in land.
• C)an executor's agreement to personally pay a decedent's debts.
• D)a contract varied by parol evidence.

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Definitions:

Monopoly

A situation in which there is only one individual or organization, without competitors, providing a particular good or service.

Bypassing

The act of avoiding or circumventing an obstacle or barrier, often used in the context of communication to describe misunderstandings that arise from the use of vague or ambiguous language.

Traditional Media

Forms of mass communication existing before the advent of digital media, including newspapers, magazines, radio, and television.

Antitrust

Laws and regulations designed to promote competition and prevent monopolies in the market.