Which of the Following Contracts Is Required to Be in Writing

question 34

Multiple Choice

Which of the following contracts is required to be in writing in most states?

• A)contracts for the sale of goods priced at $100
• B)contracts for the lease of goods with payments of $500
• C)promises to transfer an ownership interest in real property
• D)handshake deals

---

Definitions:

Certificate of Incorporation

An official document issued by a state government recognizing the formation of a corporation and outlining its basic details.

Authorized to Conduct Business

The status granted to a company or individual that fulfills the regulatory requirements to legally operate in a particular jurisdiction.

De Facto Corporation

A company that operates like a corporation and may be treated as one for legal purposes, despite not having completed formal incorporation steps.

State Incorporation Statute

Laws established by individual states governing the process, requirements, and regulations for the incorporation of businesses within their jurisdiction.