Contracts That Cannot by Their Terms Be Performed Within One

question 118

Multiple Choice

Contracts that cannot by their terms be performed within one year from the day after the date of formation are normally required to be in writing under which of the following?

• A) The Statute of Frauds
• B) The undue influence rule
• C) The duress rule
• D) The unconscionability rule

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Definitions:

Inductive Reasoning

A method of reasoning in which specific instances or observations lead to a generalized conclusion.

Deductive Reasoning

A reasoning method where an inference is drawn from the agreement of several statements that are typically considered true.

Conceptual Reasoning

The ability to use abstract thinking to understand complex concepts, identify patterns, and solve problems.

Participant Observation

A qualitative research method where the researcher becomes actively involved in the community or context being studied to gain deeper insight.