An Oral Contract in Which Sally Agrees to Work for Jane

question 38

Multiple Choice

An oral contract in which Sally agrees to work for Jane for the rest of Jane's life is:

• A) a guaranty contract
• B) unenforceable under the Statute of Frauds because it cannot possibly be performed within one year
• C) enforceable under the Statute of Frauds
• D) A and C only
• E) A and B only

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Definitions:

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Wheeling, West Virginia

A city located in the Northern Panhandle of West Virginia, historically known as a significant industrial center and the location of the 1861 Wheeling Convention.

Joseph McCarthy

An American senator known for leading a campaign against alleged communists in the U.S. government and other institutions during the early 1950s, often termed McCarthyism.

Communists

Individuals or groups who advocate for communism, a socio-economic ideology aiming for a classless society and communal ownership of production means.