Question: . Many students make mistakes on SOF questions involving contracts priced at $500 or greater. What are the only types of contracts that must

. Many students make mistakes on SOF questions involving contracts priced at $500 or greater. What are the

. Many students make mistakes on SOF questions involving contracts priced at $500 or greater. What are the only types of contracts that must be in writing by virtue of the amount of the contract? a. Identify a specific example of a contract that must be in writing when the value is at least $500. b. Identify a specific example of a contract that the SOF does not require to be in writing even though the value is $500 or more.

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