Question: 6. When a contract could possibly be performed within one year, but no time limits are specified in the agreement then the Statute of Frauds

6.

When a contract could possibly be performed within one year, but no time limits are specified in the agreement then the Statute of Frauds does not apply.

Select one:

a. True

b. False

7.

To determine if an individual is an Independent Contractor or an Employee courts will consider.

Select one:

a. Performance by the individual

b. The Right to Control Test

c. Does the individual lack capacity

d. All of the above

8.

To determine how a party may discharge a contract by performance, which of the following terms must be agreed upon.

Select one:

a. The nature of performance

b. Time of performance

c. Sufficiency of performance

d. All of the above

9.

The Statute of Frauds requires that all Pre-Nuptial Agreements be made in writing.

Select one:

a. True

b. False

10.

Substitution occurs when a new contract is created between the parties to replace and existing agreement. When a new contract is created to replace an existing agreement, and a new party is brought in to replace one of the original parties it is called.

Select one:

a. Recission

b. Release

c. Novation

d. Waiver

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