Which of the following contracts would fall outside the statute of frauds and does not require a writing?
A)Lani offers to buy the corner of Ry's property where Ry's horse grazes.
B)Lani offers to paint Ry's house for $1,000
C)Lani offers to buy Ry's horse for $1,000.
D)Lani offers to pay Ry's student loan if Ry defaults.
E)Lani offers to marry Ry in three years.

Question

Quizplus · Accepted Answer

A)The types of contracts for which the statute of frauds requires a writing are 1)
contracts whose terms prevent possible performance within one year,2)promises made in consideration of marriage,3)contracts for one party to pay the debt of another if the initial party fails to pay,and 4)contracts related to an interest in land.Although required to be in writing under the Uniform Commercial Code UCC),and not the statute of frauds,a related fifth category is contracts for the sale of goods totaling more than $500.

Which of the Following Contracts Would Fall Outside the Statute