menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Legal Environment of Business
  4. Exam
    Exam 10: Performance and Breach of Contracts
  5. Question
    The One-Year Rule States That an Executory Contract That Cannot
Solved

The One-Year Rule States That an Executory Contract That Cannot

Question 57

Question 57

True/False

The one-year rule states that an executory contract that cannot be performed by its own terms within one year of its formation must be in writing.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Explain the creation and working of guaranty

Q52: _ of the Uniform Commercial Code (UCC)is

Q56: _ refers to the knowledge that a

Q58: A(n)_ exists if both parties know the

Q59: Which of the following does Section 2A-201(1)of

Q60: Substantial performance of a contract constitutes a

Q61: A contract involving mutual mistake of value

Q62: Complete performance occurs when a party to

Q72: A party who owes a duty of

Q77: _ is a situation in which one

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines