In Order to Satisfy the Statute of Frauds, the Parties

question 14

Multiple Choice

In order to satisfy the Statute of Frauds, the parties' writing must be:

• A) signed by both parties.
• B) in legalese.
• C) signed by the "party to be charged."
• D) compressed into a single document.

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Definitions:

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws that governs all commercial transactions in the United States.

Lessor

An individual or entity that leases property to another party, known as the lessee.

Article 2(A)

A section of the Uniform Commercial Code that deals with leases of personal property.

UCC

The UCC is a wide-ranging set of legal standards managing commercial operations throughout the United States.