Author Question: List the types of agreements that are within the statute of frauds and explain the consequences if ... (Read 76 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
List the types of agreements that are within the statute of frauds and explain the consequences if the parties do not comply with the requirements of the statute of frauds.

Question 2

Nations that express their willingness to join a treaty are called:
 A) ratifiers.
 B) signatories.
 C) contracting parties.
 D) abrogators.



sylvia

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

Agreements requiring a writing within the statute of frauds include: (a) agreements for the sale of any interest in land; (b) agreements that cannot be performed within one year from the date of the agreement; (c) a promise to pay the debt of another; (d) a promise made by an executor of an estate to pay the debt of the estate; (e) a promise made in consideration of marriage; and (f) a contract for the sale of goods worth 500 or more. If the agreement does not have a writing sufficient to satisfy the statute of frauds, it is unenforceable, but not void or illegal. The parties may still choose to perform the contract.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

For a complete list of videos, visit our video library