The ________ States That an Executory Contract Which Cannot Be

question 30

Multiple Choice

The ________ states that an executory contract which cannot be performed by its own terms within one year of its formation must be in writing.

• A) parol evidence rule
• B) common law of contracts
• C) merger clause
• D) one-year rule

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Definitions:

Farm Products

Goods that are produced through agriculture, such as crops, livestock, and the products derived from them.

Documents of Title

Legal documents that provide proof of a person's rights to control the disposition of goods or property, such as bills of lading or warehouse receipts.

Identity

Identity refers to the qualities, beliefs, personality, looks, and/or expressions that make a person (self-identity) or group (particular social category or social group) distinct.

Leader

An individual who guides or directs a group, often by inspiring or influencing others toward a common goal.