Fresh Air Filter & Purification Company and Big Box Commercial Storage Company enter into a long-term lease for a warehouse.To be enforceable,the lease must be in writ?ing if the amount of the rent payment is
A)more than $500.
B)more than $5,000.
C)more than $50,000.
D)any price.

Question

Quizplus · Accepted Answer

The Statute of Frauds requires that certain contracts, including leases for more than one year, must be in writing to be enforceable, regardless of the rent amount.