The Test Under the One-Year Provision of the Statute of Frauds

question 37

True/False

The test under the one-year provision of the statute of frauds is whether it is likely that the contract will be completed within one year.

---

Definitions:

APA

Acronym for American Psychological Association, a major scientific and professional organization of psychologists in the United States, or referring to its publication style guide.

Proposed Rule

A suggested regulation or policy that is under consideration but has not yet been adopted or implemented.

Judicial Review

The power of courts to assess the constitutionality of legislative acts or governmental actions and to declare them void if they violate the constitution.

Statute

A formal written law enacted by a legislative body, at the national or state level.