Which of the Following Is False Regarding the Statute of Frauds

question 65

Multiple Choice

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

• A) 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.
• B) Mutual promises to marry fall within the statute of frauds.
• C) Prenuptial agreements fall within the statute of frauds.
• D) A prenuptial agreement is not automatically enforceable just because it is in writing.
• E) Both that mutual promises to marry fall within the statute of frauds and that a prenuptial agreement is not automatically enforceable just because it is in writing.

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Definitions:

Issuing Bonds

The process of a corporation or government entity raising capital by selling bonds to investors, which are essentially loans from the investors to the issuer.

Par Value

A nominal value assigned to a security or stock, often used to determine its face value rather than market value.

Market Rate

The current price or interest rate at which goods, services, or financial instruments are traded in the open market.

Contract Rate

The agreed upon price for goods or services, often used in the context of interest rates on loans or fixed-income securities.