Which of the Following Is False Regarding the Statute of Frauds

question 31

Multiple Choice

Which of the following is false regarding the statute of frauds and promises made in consideration of marriage?

• A) Agreements regarding marriage in which one party is gaining something other than a return on his or her promise to marry are within the statute of frauds and must be in writing.
• B) Mutual promises to marry fall within the statute of frauds.
• C) Prenuptial agreements fall within the statute of frauds.
• D) A prenuptial agreement is not automatically enforceable just because it is in writing.
• E) When one party promises something to the other as part of an offer of marriage, the contract must be in writing to be enforceable.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.

Expected Return

The mean of the probability distribution of possible returns for an investment, taking into account all known risks and opportunities.

Complete Portfolio

A diversified investment portfolio that includes a wide range of asset classes balanced according to an investor's risk tolerance and financial goals.

Risky Assets

Investments that carry a significant possibility of losing all or part of the initial investment.