In Respect of a Contract to Which the Statute of Frauds

question 83

Multiple Choice

In respect of a contract to which the Statute of Frauds applies,which of the following is NOT true?

• A)Both parties must sign the contract.
• B)The essential elements of the contract must be in writing.
• C)The defendant must sign the contract.
• D)The contract must be under seal.
• E)Both A and D are not true.

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Definitions:

Simplicity

The quality of being easy to understand or use; the absence of complexity or complication.

Departmental Overhead Costs

Expenses related to the indirect support of producing goods or services in specific departments, rephrased as the allocation of indirect costs to departmental operations.

Production Volume

The quantity of goods that a company produces within a specific period of time.

Utility Costs

Expenses incurred for basic services such as electricity, water, gas, and sewage, vital for running a business or household.