Swiftline Trucking, Inc., and Trailer Rents Corporation are parties to an oral agreement for a one-year lease of six doublewides with payments totaling more than $40,000. They may satisfy the Statute of Frauds by

Question

Swiftline Trucking, Inc., and Trailer Rents Corporation are parties to an oral agreement for a one-year lease of six doublewides with payments totaling more than $40,000. They may satisfy the Statute of Frauds by​

Quizplus · Accepted Answer

The best way to satisfy the Statute of Frauds in this scenario would be to set out the terms of the lease agreement in a memo or written document. This would provide clear evidence of the agreement and help to avoid any misunderstandings or disputes. The other options may be helpful, but they would not definitively satisfy the requirements of the Statute of Frauds.