Abel enters into an oral contract to work for Carr for an indefinite period of time at a rate of $50,000 per year.Is this agreement exempt from the statute of frauds?
A)No,because the agreement covers services with a value in excess of $500.
B)No,because the agreement covers a time period in excess of one year.
C)Yes,because the agreement is for an indefinite period of time.
D)Yes,because the work can be completed within one year.

Question

Quizplus · Accepted Answer

If the contract is for an indefinite period of time,it is not within the statute of frauds.

Abel Enters into an Oral Contract to Work for Carr