7 If a specific future event terminates a party's obligations under a contract, that future event is called a(n): foreseeable event continuing condition avoidable condition condition subsequent Question 8 If a contract requires that a party to the contract perform specific obligations that are expected to take two years to complete, what circumstance would remove that contract from the statute of frauds requirement that contracts that cannot be performed within one year be in writing? No circumstance would remove the contract from the statute of frauds' requirement that the contract be in writing because all contracts that cannot be performed within a year must be in writing. If the contract was between two business entities, the contract would not have to be in writing. If there is a possibility that the obligations under the contract could be performed in less than a year after the contract was made, the contract would not have to be in writing. If the parties to the contract agree that the contract will be enforceable even though it is not in writing, the contract would not have to be in writing