Terry and Ernest agree to become partners in advertising and promoting the Midway Fair to be held three years hence.If they agree orally,will the partnership agreement be enforceable?
A) Yes,since no writing is required
B) Yes,as long as a division of profits is achieved
C) No,because the venture cannot be performed within one year
D) No,due to arguments about terms

Question

Quizplus · Accepted Answer

The venture cannot be performed within one year, which means that the partnership agreement must be in writing to be enforceable.

Terry and Ernest Agree to Become Partners in Advertising and Promoting