Some Contracts Must Be in Writing and Signed to Be

question 432

Multiple Choice

Some contracts must be in writing and signed to be enforceable. Contracts that are covered by the statute of frauds include:

• A) contracts for the sale of land
• B) promises to pay the debts of another person
• C) contracts that cannot be finished within a year
• D) promises made in consideration of marriage
• E) all of the other choices

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Definitions:

Written Decisions

Documented conclusions or resolutions made by authorities, organizations, or individuals after considering a set of facts or arguments.

HR Arbitration

A dispute resolution process involving a neutral third party, used in human resources to settle conflicts between employees and employers.

Outsourcing

The practice of hiring outside firms to handle work normally performed within a company, often to cut costs.

Consulting

The practice of giving expert advice within a particular field, often involving identifying problems and recommending solutions.