Question: On June 1 , 2 0 2 0 , the parties agree that A will loan B $ 1 0 , 0 0 0 ,

On June 1,2020, the parties agree that A will loan B $10,000, repayable with interest no later than June 2,2022. Must the contract be in writing?
No, because it is possible B will repay within one year
Yes, because loans are covered by the UCC
Yes, because this is a land contract
No, because the due date is more than one year in the future

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