If a contract does not comply with the Statute of Frauds, making it unenforceable, does it follow
Question:
If a contract does not comply with the Statute of Frauds, making it unenforceable, does it follow that the agreement has no legal effect? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
An unenforceable contract still has legal effect Altho...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
1. Why was the contract required to be in writing? 2. Did the contract comply with the statute of frauds? 3. Does a writing that does not comply with the statute of frauds make the alleged contract...
-
What is the general effect of a failure to comply with the statute of frauds?
-
CheapPhones, one of Josie's customers who is facing tight cash flow problems, wants to return about 100 defective cell phones. Talk2Me tells Josie to bring the phones back to headquarters. Fearing...
-
On January 1, 2018, Doctors Credit Union (DCU) issued 7%, 20-year bonds payable with face value of $200,000. The bonds pay interest on June 30 and December 31. Requirements 1. If the market interest...
-
What is the rationale for accounting for nonexpendable endowment funds on a full, rather than a modified, accrual basis? Why is it important that investments, even in non liquid assets such as...
-
Pasqual Melo is employed by a public corporation. On January 1, 20X0, she was given an option to purchase 1,000 shares of the public corporation for $8 per share (the option extended for two years)....
-
Baltimore Realty, Inc., had the following transactions for the month of June 2010. The following T-accounts have been set up, for Baltimore Realty, Inc., with their beginning balances as of June 1,...
-
Accounts receivable turnover, inventory turnover, and net margin Selected data from Warren Company follow. Required Compute the following: a. The accounts receivable turnover for 2011. b. The...
-
What is the actual product(s) that the entrepreneurs are producing for sale? How much are the entrepreneurs asking for from the Dragons & for how much of a stake in their business? How many countries...
-
Write a Ruby or Bash script that will print usernames of all users on a Linux system together with their home directories. Here's some example output: gitlab:/home/gitlab nobody:/nonexistent . As you...
-
Mind Games Inc hires CompuNerd to overhaul its entire computer network for a flat fee of $350 000. Marinka, Mind Games's general manager, stresses that the computer upgrades must be finished by the...
-
Bundy had lived and worked on a farm his entire life. For the past 20 years or so, he had rented most of the farmland to his extended family, since he is no longer fit to work the land himself....
-
You are the manager of a stock portfolio worth $10,500,000. It has a beta of 1.15. During the next three months, you expect a correction in the market that will take the market down about 5 percent;...
-
Briefly describe the reasons for the use of lift-increasing devices on the aircraft.
-
The wings of a general aviation aircraft are rectangular (extended length 9.75 m, chord length 1.6 m). The aircraft flies at a constant speed at sea level at a cruising speed of 227 km/h. Assuming...
-
What is meant by sampling error and non sampling error?
-
For a flat plate placed downstream in a two-dimensional incompressible flow, try the momentum integral method to find the wall friction stress and the friction resistance on one side of the plate F,...
-
In the wind tunnel, blow vertically to a disc with a diameter of 50 cm at a wind speed of 10 m/s, and try to find the resistance of the disc. The air temperature is 20 C.
-
How does conventional retained earnings differ from entity equity under the Anthony conception of the entity theory?
-
Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...
-
What is emancipation, and what effect does it have on a contract?
-
Explain the concept of necessaries and how they are determined.
-
Dodson, 16, bought a truck for $4,900 in cash from Shrader. After driving it for nine months, he took it to a mechanic to check out a problem and was told there was a burned valve in the engine....
-
1) What are the hedging strategies for Lufthansa? 2) What are the different means of cover for Lufthansa? 3) What are the Lufthansa coverage suggestions? 4) Does Lufthansa cover itself? WITH...
-
Complete the income statement for the following transactions for June 2010 disclosed Fill in the yellow cells as appropriate. Ticket revenue $180,000 Equipment rent expense $50,000 Film rent expense...
-
Westerville Company reported the following results from last year's operations: \ table [ [ \ table [ [ Sales ] , [ Variable expenses ] , [ Contribution margin ] , [ Fixed expenses ] ] , $ 1 , \...
Study smarter with the SolutionInn App