Which of the Following Agreements Must Be Evidenced in Writing

question 18

Multiple Choice

Which of the following agreements must be evidenced in writing in order to be enforceable?

• A) guarantees and contracts that may require more than one year to perform
• B) contracts with the government and contracts for the sale of interests in land
• C) loans and guarantees
• D) contracts of employment and contracts for the sale of interests in land
• E) none of the above

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Definitions:

Department

A distinct part of an organization with a specific responsibility or focus.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.

Equipment

Tangible assets used in the operation of a business to perform specific tasks, not intended for sale in the ordinary course of business.

Machinery

A category of physical equipment used in the production or manufacturing process.