Which of the Following Does the One-Year Rule State

question 24

Multiple Choice

Which of the following does the one-year rule state?

• A) Every contract in writing is subject to yearly renewal.
• B) The terms of a written contract can be modified within a year of its formation.
• C) A contract that cannot be performed on its own terms within a year should be in writing.
• D) Valid contracts cannot be rescinded by either party until a year after their formation.

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