Asked by Camryn Morrow on Jun 10, 2024
Verified
In contracts other than those governed by the Uniform Commercial Code,which of the following are required elements for a writing to be considered sufficient under the statute of frauds?
A) Identification of the parties to the contract.
B) Identification of the subject of the agreement.
C) Identification of the law applicable to the contract.
D) Identification of the parties to the contract,identification of the subject of the agreement,and identification of the law applicable to the contract.
E) Identification of the parties to the contract and the subject of the agreement,but not the law applicable to the contract.
Statute of Frauds
A legal principle requiring certain contracts to be in writing and signed by the parties involved to be enforceable.
Subject of Agreement
The specific matter or issue that is being agreed upon or contracted between parties.
Identification of Parties
The process of clearly determining and naming the individuals or entities involved in a legal agreement or dispute.
- Comprehend the legal obligations prescribed by the statute of frauds for various contract categories.
Verified Answer
AT
Aryaan ThadaniJun 11, 2024
Final Answer :
E
Explanation :
Although there are no specific requirements for the form of a written contract under the statute of frauds,certain elements need to be present for a writing to constitute proper evidence of a written contract under the statute.Required elements in the writing include the identification of the parties to the contract,the subject of the agreement,the consideration given,and any pertinent terms of the contract.
Learning Objectives
- Comprehend the legal obligations prescribed by the statute of frauds for various contract categories.
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