ADMS 2610 Study Guide - Quiz Guide: Collateral Contract, Parol Evidence Rule
7 Feb 2016
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Learn generally about contracts for necessaries and contract for non-necessaries. Learn - no fee is owed to someone who should be licensed but is not. However, the cost of materials must be paid to him/her: contracts void for public policy: See my posting on void, voidable and unenforceable contracts. Chapter 10 the requirements of form and writing etc. For your purposes there is no distinction between a formal contract and a simple. For exam purposes simply consider that a contract can be oral, written or implied. Note: this statute imposes a stringent requirement that the contract be in writing for certain types of contracts. If the contract is not in writing, although a contract exists, it will not be enforceable by the courts unless an exception to the written requirement can be found. For your purposes, please learn the sections on the guarantee and contracts.
