Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of the reasons that the statute of frauds requires that certain contracts be in writing is because proof of the contract (and the terms

One of the reasons that the statute of frauds requires that certain contracts be in writing is because proof of the contract (and the terms within) is easier than if the contract is verbal, but written contracts are sometimes several pages long and contain legal terms that may mean something that most of us do not understand. If you were entering into a contract, would you rather have a written contract that was several pages long and that you might have to spend some time reading to understand or a verbal contract that you and the other party have discussed and that you understand from that discussion? Why? Would the content of the contract make a difference?

Step by Step Solution

3.34 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Although there are various plus points in favor of oral contracts still written contracts are more e... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics A Decision Making Approach

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

9th Edition

013302184X, 978-0133021844

More Books

Students also viewed these Finance questions