Given the Provisions of the Statute of Frauds, Which of the Following

question 24

Multiple Choice

Given the provisions of the Statute of Frauds, which of the following contracts should be evidenced in writing?

• A) A sale of goods involving $4
• B) An employment contract
• C) A retainer with a lawyer
• D) A sale of land
• E) Domestic agreements

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Definitions:

Direct Payments

Cash subsidies paid to farmers based on past production levels; a permanent transfer payment unaffected by current crop prices and current production.

Marketing Loans

Loans provided to agricultural producers, typically by a government, using the harvested crops as collateral, allowing farmers to hold their products for higher future prices.

Absolute Increases

Refers to outright growth in a specific numerical value, such as income, over a period, without adjustments for factors like inflation.

Relative Increases

Comparisons of growth or expansion in different areas or items, measured in proportionate terms rather than absolute numbers.