Any of the Following Could Satisfy the Requirement of a Writing

question 25

Multiple Choice

Any of the following could satisfy the requirement of a writing under the statute of frauds except:

• A) a note.
• B) a memorandum.
• C) a contract.
• D) part performance.

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Definitions:

Transaction Obligation

The requirement to complete a financial transaction that has been agreed upon, including payment and delivery.

Futures Option Contracts

Options contracts that give the buyer the right, but not the obligation, to buy or sell a futures contract at a set price on or before a certain date.

Options Contracts

Financial derivatives that give buyers the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date.

Currency Swap

A financial agreement to exchange currency between two parties at a set rate, often used to hedge currency risk.