If the terms of a contract make it impossible to complete the agreement within one year,...

Question

Question

If the terms of a contract make it impossible to complete the agreement within one year, the contract must be in writing. True or false?

business finance

Answer 1

Answer #1

There are six categories of contracts that must be written down in order to satisfy the Statute of Frauds , one of which includes:

contracts that cannot be performed within one year of the contract being made,

Hence the statement is true

Answer 2

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