Which of the Following Statements Is True of the Statute

question 40

Multiple Choice

Which of the following statements is true of the Statute of Frauds?

• A) An executory contract that is not in writing even though the Statute of Frauds requires it to be is enforceable by either party.
• B) Executed oral contracts that should have been in writing under the Statute of Frauds can be rescinded.
• C) If an oral contract that should have been in writing under the Statute of Frauds is already executed, either party may seek to rescind the contract.
• D) Most states require contracts to pay compensation for services rendered in negotiating the purchase of a business to be in writing.

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Definitions:

Increasing Basicity

A qualitative term describing the trend or pattern observed as the basic character (ability to accept protons) of a series of compounds increases.

Acid-Base Pair

A set of two substances that transform into each other by the gain or loss of a proton.

Increasing Acidity

Refers to a trend or condition that leads to an increase in the acidic character or strength of substances.

Conjugate Acid

A species formed by the reception of a proton by a base, characterized by having one more proton and an increased positive charge compared to the original base.