Which type of contract must meet the writing requirement of the statute of frauds to be enforceable?

Study for the Florida Mutual Recognition Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

Which type of contract must meet the writing requirement of the statute of frauds to be enforceable?

Explanation:
Contracts that fall under the Statute of Frauds must be in writing to be enforceable, and the type that inherently requires this written form is the formal contract. Formal contracts are created with a prescribed form or seal, which makes the written record essential to prove the agreement. Informal (parol) contracts may be enforceable without writing if they don’t trigger the statute, while a voidable contract centers on a party’s right to avoid the agreement and a unilateral contract involves performance by one party, not the need for a written record.

Contracts that fall under the Statute of Frauds must be in writing to be enforceable, and the type that inherently requires this written form is the formal contract. Formal contracts are created with a prescribed form or seal, which makes the written record essential to prove the agreement. Informal (parol) contracts may be enforceable without writing if they don’t trigger the statute, while a voidable contract centers on a party’s right to avoid the agreement and a unilateral contract involves performance by one party, not the need for a written record.

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