MI Bar Practice Questions - Michigan Bar Examination Exam

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Two parties form an oral agreement that, by its terms, cannot be performed within one year. Under the common-law Statute of Frauds, the agreement is:

Unenforceable unless evidenced by a writing signed by the party to be charged Enforceable because oral contracts are always valid Automatically void Enforceable only if both parties are merchants

Correct Answer:

Unenforceable unless evidenced by a writing signed by the party to be charged

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