Which of the Following Is TRUE with Regard to a Contract

question 48

Multiple Choice

Which of the following is TRUE with regard to a contract that has to be in writing?

• A)If the contract is handwritten,it must be in ink.
• B)All implied terms must be carefully identified.
• C)If the contract is a guarantee,consideration must be identified.
• D)The parties must meet to discuss the terms.
• E)The contract does not have to be wholly within a single document.Several written notes may be taken together to satisfy the Statute of Frauds.

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Definitions:

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government and the rights of the citizens.

Branches of Government

These are the divisions of governance in a state, usually comprising the executive, legislative, and judicial branches, responsible for different functions of government.

Privileges and Immunities Clause

The Privileges and Immunities Clause is a provision in the United States Constitution that prevents a state from treating citizens of other states in a discriminatory manner, ensuring interstate equality.

Nonresidents

Individuals or entities that do not reside within a particular jurisdiction, often affecting their taxation and legal rights.