Good Faith Consultants partnered with QuickFind IT Solutions for a period of six months.After three months, they wanted to extend the contract by two years.According to the Statute of Frauds, which of the following holds true for the contract?
A)The modification to the duration of the contract should be in writing.
B)A new contract must be formed.
C)The contract can be oral both before and after modification.
D)Only the original contract should be in writing.

Question

Quizplus · Accepted Answer

According to the Statute of Frauds, contracts must be in writing if they are to be enforceable. Modifying a contract by extending its duration beyond the original agreement would require a written agreement to be enforceable. Therefore, choice A is the correct answer.

Good Faith Consultants Partnered with QuickFind IT Solutions for a Period