Which of the Following Is False Regarding the Statute of Frauds

question 13

Multiple Choice

Which of the following is false regarding the statute of frauds and promises made in consideration of marriage?

• A)A prenuptial agreement is not automatically enforceable just because it is in writing.
• B)Agreements regarding marriage in which one party is gaining something other than a return on his or her promise to marry are within the statute of frauds and must be in writing.
• C)Mutual promises to marry fall within the statute of frauds.
• D)When one party promises something to the other as part of an offer of marriage,the contract must be in writing to be enforceable.
• E)Prenuptial agreements fall within the statute of frauds.

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Definitions:

Inflation Adjustment

A change made to financial figures to account for the effects of inflation and maintain the purchasing power of money over time.

5-Year Loan

A type of loan that is scheduled to be repaid through payments over a period of five years.

Expected Inflation Rate

The anticipated rate at which the general level of prices for goods and services will rise over a period, affecting purchasing power.

Consumption Sector

A segment of the economy focused on the purchasing and use of goods and services by individuals and households.