Final answer:
The correct answer is (d) Statute of frauds, written contract, consideration. The Statute of Frauds requires certain contracts to be in writing if they cannot be performed within a year, and consideration is a critical component of a valid contract.
Step-by-step explanation:
In this case, the correct answer is option (d) Statute of frauds, written contract, consideration.
The reason for this is that the question is asking about contract terms and what is required for them to be enforceable within a certain time frame. The statute of frauds is a law that requires certain contracts to be in writing to be enforceable, and it applies to contracts that cannot be performed within one year from the date they are made. Therefore, a written contract is required in this situation.
Consideration is a legal concept that refers to something of value that is exchanged between parties in a contract. It is required for a contract to be valid, and it is also included in the correct answer option.
The other options mentioned in the question, such as specific performance, oral agreement, assignment, novation, breach, and damages, do not address the main issue of contract terms and their enforceability within a specific time frame.