List the types of agreements that are within the statute of frauds and explain the consequences if the parties do not comply with the requirements of the statute of frauds
Agreements requiring a writing within the statute of frauds include: (a) agreements for the sale of any interest in land, subject to certain exceptions; (b) agreements that cannot be performed within one year from the date of the agreement; (c) a promise to pay the debt of another, subject to the leading object rule exception; (d) a promise made by an executor of an estate to use his personal funds to pay a debt of the decedent; (e) a promise made in consideration of marriage; and (f) a contract for the sale of goods worth $500 or more. If the agreement does not have a writing sufficient to satisfy the statute of frauds, it is unenforceable, but not void or illegal. The parties may still choose to perform the contract.
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What will be an ideal response?
An unhappy customer is most likely to complain to:
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Team leader Derek shows integrity when he
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Your bank, First Bank, charges you $1.50 every time you use an ATM that is not owned by them. Unfortunately, there is no First Bank ATM near your school
There is a Second Bank ATM in the Student Center, which you use several times a week to withdraw $10 at a time for lunch, video games, etc. What is the best piece of advice regarding these transactions? A) They will make it hard to balance your account since these transactions won't show up on your monthly statements. B) They're OK as long as you enter the transactions in your check register. C) Avoid them since you are effectively paying 15% interest to access your cash. D) Make sure you have overdraft protection on your account.