Multiple Choice
Abel enters into an oral contract to work for Carr for an indefinite period of time at a rate of $50,000 per year.Is this agreement exempt from the statute of frauds?
A) No,because the agreement covers services with a value in excess of $500.
B) No,because the agreement covers a time period in excess of one year.
C) Yes,because the agreement is for an indefinite period of time.
D) Yes,because the work can be completed within one year.
Correct Answer:
Verified
Correct Answer:
Verified
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