Which of the Following Statements Is True of the Writing

question 69

Multiple Choice

Which of the following statements is true of the writing requirement of contracts, according to the Statute of Frauds?

• A) Contracts for the sale of goods for $500 need not be in writing.
• B) Contracts for the lease of goods with payments of $101 must be in writing.
• C) Finder's fee contracts need not be in writing.
• D) Promises made in consideration of marriage must be in writing.

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Definitions:

Price-Earnings Ratio

A metric assessing the relationship between a company's stock price and its earnings on a per-share basis, useful in judging whether a stock is undervalued or overvalued.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, representing the portion of sales that turns into profits.

Market Price Per Share

refers to the current price at which a single share of a company's stock is being traded on the open market.

Return on Equity

A financial performance measure that demonstrates how effectively a company uses investor funds to generate profit.