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

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Definitions:

World Bank

An international financial institution that provides loans and grants to countries for development projects aimed at reducing poverty.

Basic Development Projects

Initiatives aimed at foundational improvements in an economy or society, such as infrastructure, education, and health services.

Developing Nations

Countries with a lower level of material well-being, lower income per capita, and generally striving to achieve higher levels of economic and social development.

Economists

Professionals who study and analyze the production, distribution, and consumption of goods and services.