Question
Which of the following types of agreements according to the Statute of Frauds need to be in writing? 1. An agreement to sell goods for
Which of the following types of agreements according to the Statute of Frauds need to be in writing?
1. An agreement to sell goods for $499 or less
2. An agreement that does not involve taking responsibility for the debts of another
3. An agreement in which the terms can be performed within one year from the time it is made
4. An agreement containing a promise in consideration of marriage
When an assignment is made by an act of the parties, which of the following is true?
1. The assignment must be made orally.
2. If the original contract was required be in writing, the assignment must also be in writing.
3. The assignment must be supported by consideration.
4. The assignee may receive greater rights than the assignor held in the contract.
An assignee can receive greater rights or interest than the assignor held in a contract.
1. True
2. False
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