1.What is a guaranty contract and are there any exceptions to the rule that such contracts must be in writing in order to be enforceable?

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1.What is a guaranty contract and are there any exceptions to the rule that such contracts must be in writing in order to be enforceable?

2.What is the Parol Evidence Rule? How does it apply to contracts? Are there any exceptions to the rule, if so what are they?

3.According to the text, what types of contracts MUST be in writing to be enforceable (i.e. to satisfy the statute of frauds requirement)?

4. What rights can and cannot be assigned by a party to a contract to another person?

5. What duties can and cannot be delegated by a party to a contract to another person?

6.Please describe how Compensatory and Consequential Damages differ. Provide an example that incorporates both types of damages into it.