Good Faith Consultants partnered with QuickFind IT Solutions for a period of six months. After three months, they wanted to extend the contract by two years. According to the Statute of Frauds, which of the following is true of the contract?
A) The modification to the duration of the contract should be in writing.
B) A new contract must be formed.
C) The contract can be oral both before and after modification.
D) Only the original contract should be in writing.

Question

Quizplus · Accepted Answer

The Statute of Frauds requires that contracts lasting longer than one year must be in writing. Therefore, the modification to the duration of the contract (from 6 months to 2 years) must also be in writing to be enforceable.

Good Faith Consultants Partnered with QuickFind IT Solutions for a Period