Which of the Following Agreements Has to Be in Writing

question 115

Multiple Choice

Which of the following agreements has to be in writing under the original Statute of Frauds in order to be enforceable?

• A) An agreement to sell a car on January 1 of the following year
• B) An agreement by a creditor to accept $800 in full satisfaction of a debt in the amount of $1000
• C) A lease of a vehicle for a term commencing on November 1, 2016, and expiring November 1, 2019
• D) An agreement for the sale of a farm animal
• E) An agreement for the sale of a building lot

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Definitions:

Gas Stations

Facilities that sell fuel and often other automotive services or goods to motorists and vehicles.

Aptitude Test

A standardized test designed to assess an individual's potential to develop skills or knowledge in a specific area.

Significance Level

A rephrased definition for the threshold probability used in statistical tests to judge whether to reject the null hypothesis, often set at 0.05 or 5%.

Sobriety

The condition of not being under the influence of alcohol or any intoxicating substances.