Question

Newmark & Co. Real Estate, Inc., (the broker) contacted 2615 East 17 Street Realty, LLC, (the landlord) to lease certain real property on behalf of a client (the tenant). As is common in real estate transactions, the broker is paid a commission. The lease agreement stated that the landlord would pay the full commission to Newmark. Newmark e-mailed the landlord a commission agreement containing information on the amount of the commission, the deadline for payment of the commission, the services for which the commission was being paid, and the information about Newmark required to make payment. The landlord e-mailed Newmark back with a request to pay the commission in several payments instead of one single payment. Newmark revised the agreement to include the multiple payment deadlines and e-mailed a final copy to the landlord. The landlord responded by e-mail, acknowledging receipt of the revision and thanking Newmark for making the change. All e-mails had the names of the sender typed at the bottom of the e-mail.The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except (Answer choices: A. contracts involving land B. contracts that by their terms cannot be performed in less than a year after the date of agreement C. a promise to answer for a debt of another D. a promise made in consideration of a marriage E. a promise to work for an employer for the rest of your life F.contracts for the sale of goods over $500)

Answer 1

Answer:

E) a promise to work for an employer for the rest of your life

Explanation:

A promise to work for an employer for the rest of your life is not legal. No matter if it is in writing or not, it will never be valid. Such a contract is considered a form of slavery, and slavery has been illegal for more than 150 years.

The following types of contracts must be in writing to be enforceable:

• contracts for the sale/lease or mortgage of a real property
• contracts that cannot be performed within one year after the date the contract was formed
• collateral contracts, such as promises to answer for the debt of another person;
• promises made in consideration of marriage (i.e., prenuptial agreements)
• contracts for the sale of goods worth more than $500

Answer 2

Answer: D. a promise made in consideration of a marriage