A Contract That Cannot,by Its Own Terms,be Performed Within One

question 29

True/False

A contract that cannot,by its own terms,be performed within one year from the day after the contract is formed does not need to be in writing to be enforceable under the Statute of Frauds.

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Definitions:

Precautionary Principle

A safety principle requiring that an action or policy having the potential to cause harm to the public or to the environment should not be undertaken if the consequences are uncertain or potentially dangerous.

Environmental Protection

Efforts and policies aimed at conserving the natural environment and preventing further degradation due to human activity.

Sharks

A group of elasmobranch fish characterized by a cartilaginous skeleton, five to seven gill slits on the sides of the head, and pectoral fins that are not fused to the head.

People Per Year

A measurement or statistic that represents the number of individuals affected by or involved in a certain event or scenario on an annual basis.