Although the Parties Failed to Comply with the Applicable Statute

question 74

Multiple Choice

Although the parties failed to comply with the applicable statute of frauds, a contract that was fully executed​

• A)is a valid contract.
• B)is subject to rescission because of failure to comply with the statute of frauds.
• C)subjects one or both parties to criminal prosecution.
• D)subjects one or both parties to civil damages for the tort of fraud.

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Definitions:

Independent Paralegal

A paralegal who operates their own business, offering legal document preparation and support services directly to the public, under the limitations of the law.

Contract Basis

Employment or work arrangement where an individual is hired for a specific job or project under agreed terms and conditions, without being made a permanent employee.

Bankruptcy Law

The body of federal law that governs bankruptcy proceedings. The twin goals of bankruptcy law are to protect a debtor by giving him or her a fresh start and to ensure that creditors competing for a debtor’s assets are treated fairly.

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