Which One of the Following Is Required to Be Evidenced

question 136

Multiple Choice

Which one of the following is required to be evidenced in writing under the Statute of Frauds or its equivalent?

• A) a contract of employment
• B) a contract to incur debt
• C) a guarantee
• D) any contract involving money over $1000
• E) any contract involving goods

---

Definitions:

Bonds

Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental.

Loan Money

The act of giving money, property, or other material goods to another party in exchange for future repayment of the principal amount, along with interest or other finance charges.

Lottery

A form of gambling involving the drawing of numbers for a prize.

Winnings

Refers to the money or prizes earned from gambling, contests, or competitions.