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Which of the Following Is True in Oral Rescission

Question 15

Multiple Choice

Which of the following is true in oral rescission?


A) Insufficiently written contracts governed by the Statute of Frauds are unenforceable.
B) For a fully performed contract unenforceable under the Statute of Frauds, some restitution will be available.
C) If a title has already passed to the buyer under a written agreement that satisfies the statute, the contract cannot be rescinded.
D) If there has been a material change of position in reliance on the contract, oral agreements to rescind are enforceable.
E) Contracts governed by the Statute of Frauds cannot be modified orally if the resulting contract, taken as a whole, falls outside the statute.

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