Which of the following requires certain types of contracts to be in writing in order to be enforceable, such as contracts that take more than a year to complete or that involve the sale of goods worth $500 or more?
A) statute of frauds
B) statute of limitations
C) parole evidence rule
D) statute of authenticity

Question

Quizplus · Accepted Answer

The statute of frauds requires certain types of contracts to be in writing in order to be enforceable, including contracts that take more than a year to complete or that involve the sale of goods worth $500 or more. The statute of limitations sets a time limit for when legal action can be taken, and the parole evidence rule limits the types of evidence that can be used to interpret contractual agreements. There is no such thing as a statute of authenticity.

Which of the Following Requires Certain Types of Contracts to Be