Question: Why must a contract that obviously cannot be completed within one year be in writing?

Why must a contract that obviously cannot be completed within one year be in writing?

Step by Step Solution

★★★★★

3.41 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Suggested answers might include the hi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Essentials Business Law Questions!

Q:

Why must a contract have "reasonably definite terms" and how "definite" must the terms be?

Q:

As introduced in the chapter opener, Howard Browning and Lynn Poirier were a couple. Early on, they promised to share any lottery winnings equally. Fourteen years after that oral promise, Poirier...

Q:

Oncology Tech is a manufacturer of cancer therapy devices called compensators. CMS was a company that sold cancer treatment planning software for use in purchasing cancer treatment devices. In 2006,...

Q:

"34.Statute of Frauds Why must a contract that obviously cannot be completed within one year be in writing? "35.A Question of Ethics A person dies without leaving a will. The administrator of the...

Q:

Q1) Discuss history of the implementation of the Statute of Frauds in the United States Q2) Statute of Frauds why must a contract that obviously cannot be completed within one year be in writing? Q3)...

Q:

SUBJECT: BUSINESS LAW Why must a contract that obviously cannot be completed within one year be in writing? Please do not copy/paste answers, or I will downvote. Thank you

Q:

SUBJECT IS BUSINESS LAW!!! 34. Statute of Frauds Why must a contract that obviously cannot be completed within one year be in writing? 35. A Question of Ethics A person dies without leaving a will....

Q:

This is Business LAW it just didn't give me an option to ask these questions for that class 1. A defendant is an individual who calls attention to illegal actions in the workplace by notifying their...

Q:

According to the Statute of Frauds, all contracts to sell real property, or any interest in it, may be oral. True False QUESTION 2 The ________ derives from ________ law. Uniform Commercial Code,...

Q:

Q1) Research Paper 2-3 pages Discuss history of the implementation of the Statute of Frauds in the United States Q2) Statute of Frauds why must a contract that obviously cannot be completed within...

Q:

Identify three techniques that can be tried as a remedy when one or more of the expected-frequency assumptions for a chi-square independence test are violated.

Q:

Blinq sells electronics online. Year 2020 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Sales 800 Costs 720 Net income 80 - Balance sheet ($ million) Current...

Q:

In an experiment conducted by one of the authors, ten students in a graduate-level statistics course were given this question about the population of Canada: The population of the U.S. is about 270...

Q:

=+deter entry. This practice, often labeled collusive and anticompetitive, would be illegal in many

Q:

Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter. What are some ways in which employers can keep the costs of...

Q:

Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter. Is it fair that some employees receive health insurance benefits...

Q:

Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter Should the current state regulation of health insurance companies be...

Q:

You need a particular piece of equipment for your production process. An equipment-leasing company has offered to lease the equipment to you for $10,000 per year if you sign a guaranteed 5-year lease...

Q:

A bridge is expected to have maintenance and repair expenses of $20,000 in the first year. It is expected that these expenses will increase $5,000 per year thereafter during the bridge expected life...

Q:

please help me to solve the (d) Katec Corporation borrowed $71,000.00 at 3% compounded quarterly for 14 years to buy a warehouse, Equal payments are made at the end of every 3 months. (a) Determine...