A Contract That Can,by Its Own Terms,be Performed Within One

question 16

True/False

A contract that can,by its own terms,be performed within one year from the day after the contract is formed must be in writing to be enforceable under the Statute of Frauds.

---

Definitions:

Performance Orientation

Performance orientation is a focus within organizations or individuals on achieving outcomes and results, often measured against predefined standards or goals.

GLOBE Studies

A research initiative that explores how societal and organizational cultures impact the efficacy of leadership across different cultures.

Challenging Goals

Objectives or targets that stretch an individual's abilities and require effort and determination to achieve.

Country Clusters

Groupings of countries that share similar economic, political, or cultural characteristics.