Asked by Natasha Taylor on May 20, 2024

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Contracts that cannot by their terms be performed within one year from the day after the date of formation are normally required to be in writing under which of the following?

A) The Statute of Frauds
B) The undue influence rule
C) The duress rule
D) The unconscionability rule

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual agreements.

Undue Influence Rule

A legal principle that voids contracts or agreements if one party has been unjustly persuaded or coerced by another, compromising their free will.

Duress Rule

A legal principle that negates the validity of an agreement if it was made under coercion or threat of harm.

  • Discern the conditions under which contracts need to be in writing according to various legal stipulations.
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DF
Daniel FerchMay 25, 2024
Final Answer :
A
Explanation :
The Statute of Frauds requires certain types of contracts to be in writing to be enforceable, including those that cannot be performed within one year from the day after the contract is made.