How Much Is Required by the Highway Trust Fund to Maintain

question 16

Multiple Choice

How much is required by the Highway Trust Fund to maintain existing construction projects per year?

• A) About $100 billion
• B) About $50 billion
• C) About $150 billion
• D) About $25 billion

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Definitions:

Statute of Frauds

Legal regulation stipulating that certain contracts must be written and signed to be legally enforceable, including agreements related to real estate, marriage, and debts.

Writing Requirement

The writing requirement refers to a legal principle that certain agreements or contracts must be in written form and signed by the parties involved to be legally enforceable.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the party to be charged, to be enforceable.

Executory Contracts

Contracts under which both parties have obligations that are not yet fulfilled.