The statute of frauds applies to:
A) the lease of an apartment on a month-to-month basis.
B) the cancellation of a written agreement for the sale and purchase of land.
C) an employment agreement.
D) the sale of goods priced at less than $500.

Question

Quizplus · Accepted Answer

The statute of frauds requires certain contracts, including agreements for the sale of land, to be in writing to be enforceable. Therefore, the cancellation of a written agreement for the sale and purchase of land falls under the statute of frauds.

The Statute of Frauds Applies To