A service K that by its terms __________ is subject to the Statute of Frauds.
a) Exceeds $500
b) Involves real estate
c) Lasts more than one year
d) Requires a written agreement

Respuesta :

Final Answer:

A service K that by its terms Requires a written agreement is subject to the Statute of Frauds.

The correct answer is d) Requires a written agreement.

Explanation:

The specific requirements may vary by jurisdiction, but common elements often include contracts that involve the sale of real estate, contracts that cannot be performed within one year, contracts for the sale of goods over a certain monetary value (which is typically $500 or more), and contracts that involve the guarantee of another person's debt.

In this case, the option "d) Requires a written agreement" aligns with the general idea of the Statute of Frauds, as contracts falling under its scope usually need to be in writing to be enforceable.

Therefore, the correct answer is d) Requires a written agreement.

Final answer:

A service that lasts more than one year is subject to the Statute of Frauds, which mandates certain contracts to be in writing to be legally enforceable.

Explanation:

The question is asking which scenario would make a service subject to the Statute of Frauds, which is a legal concept requiring certain types of contracts to be in writing to be enforceable. The correct answer is c) Lasts more than one year. The Statute of Frauds requires that specific types of agreements be in writing and signed by the party against whom enforcement is sought. These typically include contracts for the sale of land, contracts that cannot be performed within one year, contracts for goods priced at $500 or more, and suretyship agreements, among others.

For example, if Service K is an agreement for a landscaping service that is agreed to last for eighteen months, it must be in writing and signed to be enforceable under the Statute of Frauds.