A contract that cannot be performed within one year from the day on which it comes into existence:
A)is within the statute of frauds.
B)need not be in writing.
C)is called a unilateral contract.
D)is essentially illegal.

Question

Quizplus · Accepted Answer

A bilateral,executory contract that cannot be performed within one year from the day on which it comes into existence is within the statute of frauds and must be evidenced by writing.

A Contract That Cannot Be Performed Within One Year from the Day