Which of the Following Agreements Has to Be Made in Writing

question 67

Multiple Choice

Which of the following agreements has to be made in writing under the original Statute of Frauds in order to be enforceable?

• A)an agreement for the sale of a farm animal
• B)a lease of a vehicle for a term commencing on November 1,2012,and expiring on October 31,2013
• C)an agreement to sell a car on January 1 of the following year
• D)an agreement for the sale of a building lot
• E)an agreement by a creditor to accept $800 in full satisfaction of a debt in the amount of $1000

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Definitions:

Debt

Money owed by one party to another under the condition that it will be paid back, often with interest.

Statute Law

Written laws enacted by a legislative body, governing various aspects of societal conduct.

Lesser Sum

Refers to an amount of money that is smaller in comparison to another figure or expectation.

Obliged

Required or bound legally or morally to do something.