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NEW QUESTION: 1
Rivers and Lee want to form a partnership. For the partnership agreement to be enforceable, it must be in
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A. The agreement cannot be completed within one year from the date on which it will be entered into.
B. The partnership intends to buy and sell real estate.
C. Either Rivers or Lee is to contribute more than $500 in capital.
D. Rivers and Lee reside in different states.
Answer: A
Explanation:
Choice "b" is correct. A transaction which cannot be completed within a year must be in writing to be
enforceable.
Choice "a" is incorrect. Residence of the prospective partners is not relevant.
Choice "c" is incorrect. The statute of frauds $500 threshold applies to the sale of goods only.
Choice "d" is incorrect. Transactions in land are within the statute of frauds, but the possibility that a
partnership may engage in a real estate transaction is not a transaction in land.
NEW QUESTION: 2
A. Option D
B. Option C
C. Option A
D. Option B
Answer: B,C
Explanation:
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A. Cable tester
B. Crimper
C. Multimeter
D. Punchdown
Answer: D
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