Some Contracts Must Be in Writing and Signed to Be

question 298

Multiple Choice

Some contracts must be in writing and signed to be enforceable. Contracts that are covered by the statute of frauds include:

• A) contracts for the sale of land
• B) promises to pay the debt of another
• C) contracts that take more than a year to perform
• D) all of the specific choices are included
• E) none of the other choices

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Definitions:

Keynes

An alternate perspective on John Maynard Keynes, highlighting him as a seminal figure whose theories on fiscal policy, investment, and demand management have influence beyond traditional economics.

Cyclical Unemployment

Refers to the unemployment that occurs due to fluctuations in the economy or the business cycle, such as during a recession.

Budget Deficit

A budget deficit occurs when a government’s expenditures exceed its revenues within a given fiscal period, leading to the need for borrowing or using saved reserves.

Keynesian Model

An economic theory advocating for government intervention in the economy through fiscal policies to manage demand and address unemployment.