An uncle, in writing, promised his nephew $5,000 if his nephew would refrain from drinking, using tobacco, swearing, and playing cards or billiards for money until the age of twenty-one, all of which was otherwise legal for the nephew to do at the time.Would this agreement need to be in writing to satisfy the statute of frauds and be enforced?

Question

Quizplus · Accepted Answer

According to the statute of frauds, contracts that cannot be performed within one year from the date of making must be in writing to be enforceable. In this case, the nephew will not reach the age of twenty-one within a year, so the agreement must be in writing to be enforceable. Therefore, option B is the correct answer. Option A is incorrect because the consideration amount has nothing to do with the requirement of a written agreement. Option C is incorrect because not all contracts must be in writing to be enforced. Option D is incorrect because there is a valid agreement, but it just needs to be in writing to be enforceable.

An Uncle, in Writing, Promised His Nephew $5,000 If His