Question:
Which of the following is true of the nature of writing required to satisfy the Statute of Frauds?
A. The writing need not state the quantity of the goods involved.
B. The writing can be made before the making of the sale.
C. The writing can be in the form of letters, e-mails, and telegrams.
D. The writing cannot include typewritten signatures.
Answer: The Correct answer is C
Explanation:
The legal concept that requires certain types of contracts to be executed in writing is referred to as the statute of frauds (SOF).
Generally, the following characteristics are required for an agreement to be for the contract to be considered valid and binding:
- The caption of the agreement has to be identified easily. Nicknames and other coded identification are not allowed.
- When in written form, the language does not have to be formal. It is permissible to use a bullet point list.
- All relevant conditions must be spelled out—including the exact nature of the goods or services, and the agreed price(s) or other considerations.
- The signature of both parties is required. At minimum the person paying for the goods must append his or her signature
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