If a Contract Is Not Enforced on the Basis of the Statute

question 153

Multiple Choice

If a contract is not enforced on the basis of the Statute of Frauds,the court has based its decision on the presence of which type of fraud?

• A) fraud in the inducement
• B) fraud in the inception
• C) fraud by concealment
• D) The court's decision could have been based on the presence of fraud in the inducement, fraud in the inception, or fraud by concealment.
• E) The court's decision could not have been based on the presence of any of these types of fraud.

---

Definitions:

Planned Obsolescence

A practice in which companies frequently come out with new models of a product that make existing models obsolete.

Diffusion

The process by which a product is adopted and spreads across various types of adopters.

Test Marketing

The process of testing new products or marketing strategies in a specific geographic area or demographic to evaluate consumer response before a full-scale launch.

Concept Testing

The process of evaluating consumer response to a product idea before it is introduced to the market.