Question

Contracts whose performance, based on the terms of the contract, cannot possibly occur within ______ fall within the statute of frauds and therefore must be in writing.

Answer 1

Contracts whose performance, based on the terms of the contract, cannot possibly occur within one year fall within the statute of frauds and therefore must be in writing.

What is a contract?

A contract is made between group of people or some individual over a business, job or property.

The contract contains the terms of agreement between the parties involved and the rules and regulations guiding the contract.

Therefore, Contracts whose performance, based on the terms of the contract, cannot possibly occur within one year fall within the statute of frauds and therefore must be in writing.

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