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Downtown Contractors and Equipment Rental Corporation Are Parties to an Oral

Question 3

Multiple Choice

Downtown Contractors and Equipment Rental Corporation are parties to an oral agreement for a one-year lease of a crane with payments totaling more than $10,000.They may satisfy the Statute of Frauds by


A) mutually agreeing not to commit fraud.
B) repeating the terms in a phone call.
C) setting out the terms in a memo.
D) shaking hands on the deal.

Correct Answer:

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