Which statement best describes written contracts?
A) Written contracts must be filed at the appropriate registry in order to be enforceable.
B) Only certain types of contracts must be in writing in order to be enforceable in court.
C) All contracts must be in writing in order to be enforceable in court.
D) Written contracts are usually less cost-effective than verbal contracts.

Question

Quizplus · Accepted Answer

Certain types of contracts, such as those involving real estate, must be in writing to be enforceable due to statutes like the Statute of Frauds. However, many other contracts can be verbal and still legally binding.

Which Statement Best Describes Written Contracts