An Oral Contract Determined to Be Unenforceable Pursuant to the Statute

question 89

True/False

An oral contract determined to be unenforceable pursuant to the Statute of Frauds is void.

---

Definitions:

Deception

The act of misleading or tricking someone into believing something that is not true, often for personal gain.

Franchisor

A business entity that grants another party the right to operate a business using its trademark, products, and business model.

Prospective Franchisee

An individual or entity considering the acquisition of a franchise license to operate a franchised business.

Reasonable Basis

Reasonable basis is a standard in law and finance that suggests a belief or action is supportable based on the facts and evidence available at the time, implying due diligence was exercised.