Business Law: Principles for Today's Commercial Environment 3rd Edition by Marianne Moody Jennings, David Twomey, Marianne Jennings

Exercise 12

Which of the following statements is true with regard to the statute of frauds
a. All contracts involving consideration of more than $500 must be in writing.
b. The written contract must be signed by all parties.
c. The statute of frauds applies to contracts that can be fully performed within one year from the date they are made.
d. The contract terms may be stated in more than one document.