Which of the Following Agreements Has to Be in Writing

question 146

Multiple Choice

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

• A) A lease of a vehicle for a term commencing on November 1, 2011, and expiring November 1, 2013.
• B) An agreement for the sale of a farm animal.
• C) An agreement for the sale of a building lot.
• D) An agreement by a creditor to accept $800 in full satisfaction of a debt in the amount of $1,000.
• E) An agreement to sell a car on January 1 of the following year.

---

Definitions:

Marketing Mix

The strategic combination of the four Ps—product, price, place, and promotion—used to market a product or service effectively.

Market Share

The percentage of an industry's sales that a particular company controls.

Ancillary Sales

Additional revenue generated from goods or services that complement a company's main business operations.

Customer Loyalty

The tendency of consumers to continue buying from the same brand or company, often due to satisfaction, convenience, or perceived value.