Regional Delivery, Inc., and Safe Storage Company enter into a long-term lease for a warehouse. To be enforceable, the lease must be in writ?ing if the warehouse is valued at
A) $50.
B) $500.
C) $5,000.
D) $50, $500, or $5,000.

Question

Quizplus · Accepted Answer

The Statute of Frauds requires certain contracts, including leases for real property, to be in writing if they are for a term longer than one year, regardless of the value of the property.