When dealing with the prohibition in the Statute of Frauds regarding oral contracts not to be performed in a year,which of the following is TRUE?
A) An oral contract that is for an indefinite period,but could be performed within a year,is not prohibited by the Statute.
B) An oral contract that is to be performed over a period of one year,commencing the day after the formation of the contract,is not prohibited by the Statute.
C) An oral contract that is to be performed over a period of one year,but commences two days after the conclusion of the contract,is prohibited by the Statute.
D) An oral contract that provides for a specific period for performance of more than a year,but also confers a power of determination that may be exercised within the year,is prohibited by the Statute.
E) all of the above
Correct Answer:
Verified
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