Which of the following statements regarding written contracts is correct?
A) Written contracts must be filed at the appropriate registry in order to be enforceable.
B) Only certain types of contracts must be in writing in order to be enforceable in court.
C) All contracts must be in writing in order to be enforceable in court.
D) Written contracts are usually less cost-effective than verbal contracts.

Question

Quizplus · Accepted Answer

Certain types of contracts, such as those involving real estate or agreements that cannot be performed within one year, must be in writing to be enforceable under the Statute of Frauds.

Which of the Following Statements Regarding Written Contracts Is Correct