Types of Writing to satisfy the Statute of Frauds

Types of Writing to satisfy the Statute of Frauds

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial explains the statute of frauds, focusing on two main requirements: a sufficient writing and a valid signature. A sufficient writing can be handwritten, typed, or electronic, and must identify key terms of the agreement. A valid signature can be an actual signature, handwriting, or any identifiable characteristic like a login or code. These elements ensure that a contract is enforceable in court.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main requirements for a contract to be enforceable under the statute of frauds?

A public announcement and a seal

A witness and a notary

A form of writing and a signature

A verbal agreement and a handshake

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can be considered a sufficient form of writing?

A verbal agreement

A handshake

A handwritten note

A verbal promise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT considered a sufficient form of writing?

A text message

A verbal agreement

A printed receipt

An email

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can be considered a signature under the statute of frauds?

A verbal agreement

A witness statement

A login credential

A handshake

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can be used to identify a person in lieu of a traditional signature?

A handshake

A witness testimony

A password-protected login

A verbal promise