Under the Majority Rule, the Test Under the One-Year Provision

question 50

True/False

Under the majority rule, the test under the one-year provision of the statute of frauds is whether it is likely that the contract will be completed within one year.

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Definitions:

Responsibility

Encompasses the obligation to carry out duties or tasks efficiently and ethically, and to be accountable for the outcomes of those actions.

Legal Proceedings

The process of taking legal action in a court of law, including all activities from the filing of a lawsuit to the resolution of the case.

Suspected Abuse

Situations in which someone believes that a person, often a child or vulnerable adult, is being harmed or mistreated.

Mandated Law

A law that is officially required or enforced by a governing body, often with specified penalties for noncompliance.