The rule of equitable exception states that an executory contract that cannot be performed by its own terms within one year of its formation must be in writing.

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The rule of equitable exception refers to the principle that allows courts to grant equitable relief or exceptions to strict legal rules under certain circumstances. The statement describes the Statute of Frauds, which requires certain contracts, including those that cannot be performed within one year, to be in writing.

The Rule of Equitable Exception States That an Executory Contract