Question

To which of the following transactions does the common law Statute of Frauds not apply?a. Contracts for the sale of real estate.b. Agreements made in consideration of marriage.c. Promises to pay the debt of another.d. Contracts that can be performed within one year.e. None of the above

Answer 1

Answer:

The false statement is letter "D": Contracts that can be performed within one year.

Explanation:

The statute of frauds establishes contracts to be written for some agreements to be secured. It mainly applies to land sales and purchases of goods $500 (U.S. dollars) and above, but it is not limited to only those two kinds of transactions. The statute of frauds capitalizes that contracts cannot be completed in less than one year. In that sense, the option "D" is a false statement.