Author Question: List the types of agreements that are within the statute of frauds and explain the consequences if ... (Read 74 times)

james0929

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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

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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



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