The one-year rule under the Statute of Frauds measures the year from the time of contract formation and not from the time that performance of the contract begins.

Question

Quizplus · Accepted Answer

The one-year rule under the Statute of Frauds measures the period from the time of contract formation to the time the contract is completed or can be performed, and it does not start from the time performance of the contract begins. Therefore, the statement is true.

The One-Year Rule Under the Statute of Frauds Measures the Year