According to the Statute of Frauds, an Executory Contract That

question 77

True/False

According to the Statute of Frauds, an executory contract that cannot be performed by its own terms within one year of its formation must be in writing.

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Definitions:

Delivery

The process of transporting goods from one place to another, or the act of handing over property or documents.

Warranty

A guarantee provided by a manufacturer or seller concerning the condition of a product, often promising repair or replacement in specific circumstances.

Defect in Manufacture

A flaw or error in the manufacturing process that results in a product being unsafe or failing to meet intended standards.

Test Drive

The process of operating a vehicle under controlled conditions to evaluate its performance, reliability, or suitability before making a purchase decision.