Asked by
McKenna Kelley
on Nov 10, 2024
Verified
Which one of the following is required to be evidenced in writing under the Statute of Frauds or its equivalent?
A) A contract of employment
B) A contract to incur debt
C) A guarantee
D) Any contract involving money over $1000
E) Any contract involving goods
Statute of Frauds
A legal principle requiring certain contracts to be written and signed to be enforceable, aimed at preventing fraud.
In Writing
The term "in writing" refers to the requirement that certain agreements, contracts, or notices be recorded on paper or in a digital format to ensure legality and enforceability.
Guarantee
A formal assurance, typically by one party to another, that certain conditions will be fulfilled, including quality, performance, or durability of a product or service.
- Recognize the necessity of written evidence for certain contracts under the Statute of Frauds.
Verified Answer
SB
Learning Objectives
- Recognize the necessity of written evidence for certain contracts under the Statute of Frauds.