Asked by
Khari Banks
on Nov 21, 2024
Verified
Which of the following is true regarding what is considered an interest in land within the statute of frauds?
A) Interests in land within the statute of frauds include promises to sell crops annually and agreements between parties for profit sharing from the sale of real property, but not boundary disputes that have been settled through the use of land.
B) Interests in land within the statute of frauds include promises to sell crops annually, but not agreements between parties for profit sharing from the sale of real property or boundary disputes that have been settled through the use of land.
C) Interests in land within the statute of frauds include boundary disputes that have been settled through the use of land, but not promises to sell crops annually or agreements between parties for profit sharing from the sale of real property.
D) Interests in land within the statute of frauds include boundary disputes that have been settled through the use of land and promises to sell crops annually, but not agreements between parties for profit sharing from the sale of real property.
E) Interests in land within the statute of frauds does not include promises to sell crops annually, agreements between parties for profit sharing from the sale of real property, and boundary disputes that have been settled through the use of land.
Statute Of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.
Profit Sharing
A corporate incentive plan where employees receive a portion of the company's profits, linking compensation to the company's financial performance.
Boundary Disputes
Conflicts between landowners or jurisdictions over the precise line that divides one entity from another.
- Understand the key concepts and requirements of the statute of frauds.
- Recognize types of contracts and agreements that fall within the scope of the statute of frauds.
Verified Answer
DQ
Learning Objectives
- Understand the key concepts and requirements of the statute of frauds.
- Recognize types of contracts and agreements that fall within the scope of the statute of frauds.