Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller

Exercise 5

The One-Year Rule. On May 1, by telephone, Yu offers to hire Benson to perform personal services. On May 5, Benson returns Yu's call and accepts the offer. Discuss fully whether this contract falls under the Statute of Frauds in the following circumstances. (See Statute of Frauds-Writing Requirement.) 1. The contract calls for Benson to be employed for one year, with the right to begin performance immediately. 2. The contract calls for Benson to be employed for nine months, with performance of services to begin on September 1. 3. The contract calls for Benson to submit a written research report, with a deadline of two years for submission.