Why Do Contracts That Involve the Executors' Agreements to Personally

question 11

Essay

Why do contracts that involve the executors' agreements to personally pay their decedents' debts that are covered by the statute of frauds to be in writing to be enforceable?

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Definitions:

Cost of Equity

The rate of return a company is expected to pay to its shareholders to compensate them for the risk of investing in the company.

Retained Earnings

Profits that a company has chosen to reinvest in the business rather than distribute to shareholders as dividends, accumulated over time.

Hurdle Rate

The project cost of capital, or discount rate. It is both the rate used in discounting future cash flows in the net present value method and the rate that is compared to the internal rate of return.

Intrinsic Value

The actual value of a company, asset, or currency determined through fundamental analysis without reference to its market value.