Which of the Following Does the One-Year Rule State

Multiple Choice

Which of the following does the one-year rule state?

A) Every contract in writing is subject to yearly renewal.
B) The terms of a written contract can be modified within a year of its formation.
C) A contract that cannot be performed on its own terms within a year should be in writing.
D) Valid contracts cannot be rescinded by either party until a year after their formation.