Review the section in Ch. 11 concerning the writing requirement for a contract.

Josh and Rachel are entering into a contract. They don't know whether it needs to be in writing.

1. List the six types of contracts that need to be in writing. Give a specific example of each (use fictional people and give a short scenario).
2. Why is it important to have these particular contracts in writing? Consider what kind of transactions these contracts involve. What is different about these contracts as opposed to those that do not need to be in writing?What if both parties are honest and honorable people? Would it still be important?