If a Contract Is Unenforceable for Failure to Comply with the Statute

question 81

Multiple Choice

If a contract is unenforceable for failure to comply with the statute of frauds,a party that conferred some benefit on the other party pursuant to the contract may be able to recover in an action based on:

• A)express contract.
• B)quasi-contract.
• C)implied contract.
• D)actual contract.

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable.

Collateral Promise

A secondary promise made by a third party to assume responsibility for a debt obligation if the principal obligor fails to perform or pay.

Electronic Record

Information stored in a digital format that can be retrieved electronically.

Contractual Term

A contractual term is a provision or condition that forms part of a contract, outlining the rights and obligations of each party involved.