To be enforceable,agreements must be in writing if they are for at least:
A) $100.
B) $200.
C) $500.
D) $1,000.

Name: To be enforceable,agreements must be in writing if they are for at least: A) $100. B) $200. C) $500. D) $1,000.
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Question

Quizplus · Accepted Answer

According to the Statute of Frauds, agreements must be in writing if they are for goods worth $500 or more or services valued at $500 or more. Therefore, choice C is the correct answer.

To Be Enforceable,agreements Must Be in Writing If They Are