Question

Contracts that must be in writing include contracts involving interests in ___________, contracts that cannot by their terms be performed within __________ from the day after the date of formation, ___________ , or secondary, contracts, such as promises to answer for the debt or duty of another, promises made in consideration of ___________ , and under the Uniform Commercial Code, contracts for the sale of goods priced at ___________or more.

Answer 1

Answer:

land

one year

collateral

marriage

$500

Explanation:

The types of the Contracts which are Required to be in Writing are:

• Contracts for sale or transfer of the land or the contracts involving interests in the land and properties.
• Contracts which cannot be completed fully within one year of the date of signing.
• Contracts which involves the promise to pay the debt, collateral or other promises of the other person.
• Contracts which are related to marriage.
• Contracts for sale of the goods which are over $500.