When a contract may be terminated at will by either party, the statute of frauds is not applicable because the contract may be terminated within one year.

Question

Quizplus · Accepted Answer

The statute of frauds only requires certain contracts to be in writing. When a contract can be terminated by either party at any time, it is not required to be in writing and therefore, the statute of frauds is not applicable.

When a Contract May Be Terminated at Will by Either