Question

Swiftline Trucking, Inc., and Trailer Rents Corporation are parties to an oral agreement for a one-year lease of six doublewides with payments totaling more than $40,000. They may satisfy the Statute of Frauds by:

a. repeating the terms in a phone call.b. shaking hands on the deal.c. setting out the terms in a memo.d. mutually agreeing not to commit fraud

Answer 1

C. Setting out the terms in a memo

Step-by-step explanation:

According to the statute of frauds , any agreements that made by individuals must be kept in some sort of writing , audios, or videos.

This statute was created to determine accountability in case the agreement fail to be met. Without any writing , audios, or videos, it would be impossible for the court to determine the truth due to the lack of evidence.