Which of the Following Promises Ordinarily Must Be Fully Executed

question 28

Multiple Choice

Which of the following promises ordinarily must be fully executed in writing to be enforceable?

• A)any sale of goods to a minor
• B)an agreement between two parties to sell a piece of jewelry for $350
• C)a six-month lease on an apartment beginning in 30 days
• D)a promise made by an executor of an estate to pay a debt of the estate

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Definitions:

Quantum Meruit

Quantum Meruit is a legal principle that allows a party to recover the reasonable value of services provided, even if there was no formal contract, under circumstances where payment is expected.

Substantial Performance

Substantial performance is a legal principle indicating that if a party has performed enough of its contractual obligations, they are entitled to payment, though possibly reduced for any unfinished or defective work.

Specific Performance

A legal remedy in contracts where the court orders one party to fulfill their specific duties under the contract, rather than seeking damages for breach.

Breach Of Condition

Violation of a fundamental term or condition in a contract that results in the agreement being compromised or voided.