Which of the Following Is True Regarding the Statute of Frauds

question 62

Multiple Choice

Which of the following is true regarding the statute of frauds requirement involving contracts that cannot be performed within one year?

• A) The one-year period begins to run the day after the contract is created, not when the contract is scheduled to begin.
• B) Even if it is highly unlikely that a contract will be completed within one year, a contract does not come within the statute of frauds if it could be completed within one year.
• C) If a party contracts for lifetime employment, the contract does not have to be in writing in order to be enforceable.
• D) Contracts whose performance, based on the terms of the contract, could not possibly occur within one year fall within the statute of frauds.
• E) All of these are true.

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Definitions:

Powerful Positions

Roles or titles within an organization or society that come with a significant amount of influence, authority, or control.

People-Building Skills

People-building skills involve the ability to foster personal and professional growth in others through mentoring, coaching, and providing opportunities for development.

Intrapersonal Skills

The abilities related to understanding and managing one's own emotions, motivations, and behaviors for effective self-regulation and personal growth.

Practical Ability

The capability to efficiently apply knowledge and skills to perform tasks or solve problems in real-world situations.