contestada

Sufficiency of the Writing
Newmark & Co. Real Estate, Inc., (the broker) contacted 2615 East 17 Street Realty, LLC, (the landlord) to lease certain real property on behalf of a client (the tenant). As is common in real estate transactions, the broker is paid a commission. The lease agreement stated that the landlord would pay the full commission to Newmark. Newmark e-mailed the landlord a commission agreement containing information on the amount of the commission, the deadline for payment of the commission, the services for which the commission was being paid, and the information about Newmark required to make payment. The landlord e-mailed Newmark back with a request to pay the commission in several payments instead of one single payment. Newmark revised the agreement to include the multiple payment deadlines and e-mailed a final copy to the landlord. The landlord responded by e-mail, acknowledging receipt of the revision and thanking Newmark for making the change. All e-mails had the names of the sender typed at the bottom of the e-mail.
The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except:______.
A. contracts involving land
B. contracts that by their terms cannot be performed in less than a year after the date of agreement
C. a promise to answer for a debt of another
D. a promise made in consideration of a marriage
E. a promise to work for an employer for the rest of your life
F.contracts for the sale of goods over $500)

Respuesta :

Answer:

C. a promise to answer for a debt of another

Explanation:

The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except. a promise to answer for a debt of another.  

Agreements Covered by the Statute of Frauds

The mnemonic MYLEGS is sometimes used to help recall the scope of these agreements; the relevant letters are capitalized below.

M -  Any promises made in connection with Marriage, including such gifts as   an engagement ring.

Y - Contracts that cannot be completed in less than one Year.

L  - Contracts for the sale of Land. (Leases need not be covered unless they're of a year or more in length.)

E - Promises to pay an estate’s debt from the personal funds of the Executor. (However, promises to pay such debt from the funds of the estate are not subject to the statute of frauds.)

G - Contracts for the sale of Goods above a certain dollar amount, typically $500.

S - A contract in which one person promises to pay the debt of another person is considered a “Surety,” and is subject to the statute of frauds.

Answer:

no trans

Explanation:

Otras preguntas