Asked by Francesca Kivitt on May 01, 2024
Verified
An oral contract that is covered by the statute of frauds is:
A) voidable.
B) void.
C) unenforceable.
D) executory.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed to be enforceable.
Oral Contract
A verbal agreement between parties that is legally binding, though more difficult to enforce than written contracts due to the lack of physical evidence.
Voidable
A transaction or agreement that is legally valid but may be annulled or voided at the discretion of one of the parties involved.
- Understand the legal implications and enforceability of oral contracts under the statute of frauds.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
C
Explanation :
The statute of frauds requires certain kinds of contracts to be in writing.If a contract is covered by the statute of frauds,but no writing is made,the contract is said to be unenforceable.
Learning Objectives
- Understand the legal implications and enforceability of oral contracts under the statute of frauds.