For Which of the Following Lists Would the Statute of Frauds

question 61

Multiple Choice

For which of the following lists would the Statute of Frauds require ALL THREE contracts to be evidenced in writing in most Canadian jurisdictions?

• A)a five-year commercial property lease agreement; the sale of a house; a mortgage of a condominium
• B)a guarantee to assume someone's debt upon default; an indemnity agreement; the sale of a $2000 leather sofa
• C)a four-year financing agreement secured by goods but not land; purchase of a $2000 leather sofa; the sale of a house
• D)an agreement to rake your neighbour's leaves; the sale of a house; an indemnity agreement
• E)a contract to buy a stereo; a contract to buy a car; and a contract to buy a new pair of blue jeans

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Definitions:

Foreign Corrupt Practices Act

A U.S. law that prohibits companies and their supervisors from bribing foreign officials to obtain or retain business.

American Company

A corporation or business entity that is registered, operates, or has its principal place of business in the United States.

Anti-Dumping Statute

Laws designed to protect domestic industries from foreign companies selling products at a price lower than their market value or cost of production.

Normal Value

A term used in international trade, referring to the price at which goods are sold in the domestic market of the exporting country.