A Writing Required by the Statute of Frauds May Be

question 58

True/False

A writing required by the statute of frauds may be a signed note or memorandum.

---

Definitions:

Capital Account

A national account that shows the net change in asset ownership for a nation, including assets in foreign investments and movements of capital.

Trade Deficit

A situation where a country's imports exceed its exports in value.

Debts Owed

Financial obligations or liabilities that a person or entity is required to repay to creditors.

Capital Account

A national account that records transactions involving the acquisition and disposal of assets, such as direct investments, portfolio investments, and financial derivatives between residents and non-residents.