Contracts in Writing

Question 1

The requirement that certain kinds of contracts be in written form

Answer 1

Statute of Frauds

Question 2

Promises to pay the debts of others

Answer 2

Suretyship

Question 3

Applies to contracts that cannot be performed within one year from the time the agreement is made

Answer 3

One-Year Provision

Question 4

Contract for the sale of goods for the price of $500 or more must be evidenced by a writing or record to be enforceable. Statue of Frauds?

Answer 4

Yes

Question 5

Applies to promises to transfer any rights, privileges, powers, or immunities in real property.

Answer 5

Land contract provision

Question 6

Oral contracts modifying contracts are unenforceable if the resulting contract is within the statute of frauds.

Answer 6

Modification or Rescission of Contracts within the Statute of Frauds