The Writing Required by the Statute of Frauds in the Case

question 40

Multiple Choice

The writing required by the statute of frauds in the case of a contract for the sale of land must:

• A) be addressed to the other party to the contract.
• B) be made with the intent to create a writing to satisfy the statute of frauds.
• C) be signed at the end of the writing.
• D) describe the land to be sold.

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Definitions:

Semiannual Coupon

Interest payments made twice a year by a bond issuer to the bondholders.

Current Interest Rates

The interest rate present at the moment in the financial market, affecting loans and savings.

Market Price

represents the current price at which an asset or service can be bought or sold in a marketplace.

Bond's Yield

The annual return on a bond investment, calculated by dividing the annual interest payments by the bond's current market price.