Statue of Fraud

Question 1

Admission of evidence of fraud or duress is an exception to the parol evidence rule.

Answer 1

True

Question 2

Kram sent Fargo signed offer to sell a specific parcel of land to Fargo. Fargo telephoned Kram and accepted the offer. Which of the following statements is correct under the common law Statute of Frauds?

Answer 2

A contract was formed but would be enforceable only against Kram.

Question 3

Parol Evidence prevent comtempeous oral, since contract is final

Answer 3

Except fraudulent presentation