Asked by Lindsay Drake on May 01, 2024
Verified
ActioNOW and Becca enter into an oral contract in which Becca agrees to work on a project for ActioNOW for eighteen months. This contract is enforceable by
A) ActioNOW.
B) Becca.
C) any third party, such as ActioNOW's clients.
D) none of the choices.
Oral Contract
An agreement made through spoken communication between parties, rather than in writing, yet is legally binding.
Project
A project is a planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.
Eighteen Months
A time period equal to one and a half years.
- Comprehend the importance of written contracts for enforceable agreements as mandated by the Statute of Frauds.
- Identify the functions of verbal agreements and the conditions making them binding.
Verified Answer
ZK
Zybrea KnightMay 02, 2024
Final Answer :
D
Explanation :
Oral contracts for services that cannot be performed within one year must be in writing to be enforceable under the Statute of Frauds. Since the contract between ActioNOW and Becca is for eighteen months and is oral, it is not enforceable.
Learning Objectives
- Comprehend the importance of written contracts for enforceable agreements as mandated by the Statute of Frauds.
- Identify the functions of verbal agreements and the conditions making them binding.