The ________ states that an executory contract which cannot be performed by its own terms within one year of its formation must be in writing.
A) parol evidence rule
B) common law of contracts
C) merger clause
D) one-year rule

Question

Quizplus · Accepted Answer

The one-year rule (also known as the statute of frauds) is a requirement under the common law of contracts that any executory contract which cannot be performed within one year of its formation must be in writing to be enforceable. The other choices (parol evidence rule, common law of contracts, merger clause) are not directly related to this requirement.

The ________ States That an Executory Contract Which Cannot Be