Which of the Following Statements Is True of the Statute

question 40

Multiple Choice

Which of the following statements is true of the Statute of Frauds?

• A) An executory contract that is not in writing even though the Statute of Frauds requires it to be is enforceable by either party.
• B) Executed oral contracts that should have been in writing under the Statute of Frauds can be rescinded.
• C) If an oral contract that should have been in writing under the Statute of Frauds is already executed, either party may seek to rescind the contract.
• D) Most states require contracts to pay compensation for services rendered in negotiating the purchase of a business to be in writing.

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Definitions:

Volatile Global Marketplace

A rapidly changing international market environment characterized by unpredictable swings in prices and market conditions due to various factors, including geopolitical events, economic data, and natural disasters.