Which of the Following Is an Incorrect Statement Regarding the Statute

question 69

Multiple Choice

Which of the following is an incorrect statement regarding the statute of frauds?

• A)It relates to fraudulent contracts.
• B)It does not address illegal contracts.
• C)It does not exist at the federal level.
• D)The statute requires that certain contracts be in writing.
• E)Some states have statutes of frauds created by judicial decision rather than legislation.

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Definitions:

Constitutional Protection

Safeguards provided by a constitution to protect individuals' rights and freedoms from infringement.

Unreasonable Searches and Seizures

Any search or seizure by law enforcement without a valid warrant, probable cause, or the individual's consent, typically considered a violation of constitutional rights.

Informal Organization

The network of personal and social relationships that spontaneously form within an organization outside of its formal structure.

Corporate Form

A legal structure chosen for businesses that treats the company as a separate entity from its owners, providing limited liability and other legal protections.