Which of the Following Statements Is True of the Statute

Multiple Choice

Which of the following statements is true of the Statute of Frauds?

A) An executory contract that is not in writing even though the Statute of Frauds requires it to be is enforceable by either party.
B) Executed oral contracts that should have been in writing under the Statute of Frauds can be rescinded.
C) If an oral contract that should have been in writing under the Statute of Frauds is already executed, either party may seek to rescind the contract.
D) Most states require contracts to pay compensation for services rendered in negotiating the purchase of a business to be in writing.