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:______.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:

The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except a promise to work for an employer for the rest of your life.

Statutes of frauds cover:

Promises that involve marriage as consideration

Contracts that can't be performed within one year

Contracts that involve the sale or transfer of land

Contracts that involve promises by executors to pay estate debts

Contracts that involve a promise to act as a guarantor or surety

Contracts that involve the sale of goods worth more than $500

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