Author Question: List the types of agreements that are within the statute of frauds and explain the consequences if ... (Read 78 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?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

For a complete list of videos, visit our video library