Fmv Relevance To Enforceability
This trap appears as a wrong-answer choice in 1 active question. Spotting how it is built is the repair: read each example's “why it's attractive” before the “why it's wrong.”
Subject distribution
- Contracts1
Example wrong choices
21182_goats · CONTRACTS · Choice AMartha, because the fair market value of goat Number 12 increased by $1,000 between September 1 and September 4.
Why it's attractive
The reason given (FMV increase) has no legal connection to the enforceability of a contract modification. SoF is a writing requirement, not an equity test.
Why it's wrong
The reason given (FMV increase) has no legal connection to the enforceability of a contract modification. SoF is a writing requirement, not an equity test.
21182_goats · CONTRACTS · Choice BLydia, because she had not received payment from Martha prior to their conversation on September 4.
Why it's attractive
The call asks about the $2,200 modification. Whether payment was received before Sept 4 doesn't affect whether the oral modification is enforceable. This answer addresses formation, not modification.
Why it's wrong
The call asks about the $2,200 modification. Whether payment was received before Sept 4 doesn't affect whether the oral modification is enforceable. This answer addresses formation, not modification.
21182_goats · CONTRACTS · Choice CLydia, because she relied on Martha's promise to pay $2,200 for goat Number 12.
Why it's attractive
Students may know that promissory estoppel can sometimes enforce promises, but the Gold Key here is that UCC § 2-209(3) specifically requires the Statute of Frauds to be satisfied for modifications of goods contracts over $500. Reliance doesn't cure the writing deficiency.
Why it's wrong
Students may know that promissory estoppel can sometimes enforce promises, but the Gold Key here is that UCC § 2-209(3) specifically requires the Statute of Frauds to be satisfied for modifications of goods contracts over $500. Reliance doesn't cure the writing deficiency.
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