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BUSI 2001 Final Exam Week 6 with Answers BUSI 2001 Final Exam Week 6 1. Except as provided by statute, oral contracts are just as enforceable as written contracts. 2. Full performance is the most common method by which contracts are discharged. 3. One of the elements necessary to establish fraud is a false statement or concealment of a material fact. 4. The UCC requires all parties entering a sales contract to perform their obligations in good faith. 5. The term g...

. Except as provided by statute, oral contracts are just as enforceable as written contracts. 2. Full performance is the most common method by which contracts are discharged. 3. One of the elements necessary to establish fraud is a false statement or concealment of a material fact. 4. The UCC requires all parties entering a sales contract to perform their obligations in good faith. 5. The term goods includes intangible personal property such as shares of stock. 6. A check is an instrument t...