The One-Year Period for Determining Whether a Contract Is Required

question 136

Multiple Choice

The one-year period for determining whether a contract is required to be in writing under the statute of frauds is measured from the date that:

• A) the contract is formed until its stated completion date.
• B) performance begins until it is actually completed.
• C) the contract is formed until it is actually completed.
• D) performance begins until its stated completion date.
• E) the contract is formed until an objectively reasonable completion date.

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Definitions:

Manifest Needs Theory

A psychological theory that suggests individual behavior is driven by specific and identifiable needs.

Accomplishment

The act of achieving a goal or completing a task successfully.

High Self-Esteem

A positive view one holds about oneself, reflecting confidence and satisfaction in one's abilities and worth.

Maslow's Theory

A psychological theory proposed by Abraham Maslow, which suggests that humans are motivated by a hierarchy of needs, starting from basic physical requirements to higher psychological needs, leading to self-actualization.