Which of the following contracts is not covered by the statute of frauds?
A)A contract for the sale of an interest in real estate.
B)A contract for the sale of goods for a price of $400.
C)A contract that is collateral in nature where a person promises to perform the obligation of another.
D)A contract in which marriage is the consideration.

Question

Quizplus · Accepted Answer

There are six types of contracts that are within the statute of frauds: (1)collateral contracts in which a person promises to perform the obligation of another person, (2)contracts for the sale of an interest in real estate, (3)bilateral contracts that cannot be performed within a year from the date of their formation, (4)contracts for the sale of goods for a price of $500 or more, (5)contracts in which an executor or administrator promises to be personally liable for the debt of an estate,and (6)contracts in which marriage is the consideration.

Which of the Following Contracts Is Not Covered by the Statute