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Identifying Electron Flow

Identifying Electron Flow

Q • Question 1 0 out of 6 points Is a prenuptial agreement that is in writing always enforceable? • Question 2 6 out of 6 points The statute of frauds requires that a contract that cannot be performed within 1 year be in writing to be enforceable. When does the time begin to run in such a contract? • Question 3 6 out of 6 points If a party to a contract unjustifiably fails to perform their obligations under a contract: • Question 4 0 out of 6 points If a contract requires that a party to the contract perform specific obligations that are expected to take 2 years to complete, what circumstance would remove that contract from the statute of frauds requirement that contracts that cannot be performed within 1 year be in writing? • Question 5 6 out of 6 points If a specific event must occur before a party to a contract is required to perform their obligations under the contract, the contract:

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1.Correct Answer: No, unless there is consideration for the agreement. 2.Correct Answer: The date on which the contract was made 3.Correct Answer: a material breach of the contract has occurred. 4.Correct Answer: If there is a possibility that the obligations under the contract could be performed in less than a year after the contract was made, the contract would not have to be in writing.