Anderson's Business Law and the Legal Environment 22th Edition by David Twomey,Marianne Jennings

Exercise 1

Which of the following statements is true with regard to the statute of frauds
a. All contracts involving consideration of more than $500 must be in writing.
b. The written contract must be signed by all parties.
c. The statute of frauds applies to contracts that can be fully performed within one year from the date they are made.
d. The contract terms may be stated in more than one document.