A contract must be in writing to be enforceable if its performance is impossible within one year.
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A contract must be in writing to be enforceable if its performance is impossible within one year.
Question:
Do you need a written contract for it to be enforceable in the event its performance is not possible within one year?
Answer:
True
In fact, under the statute of frauds, a contract must be in writing to be enforceable if its performance is impossible within one year.
Statute of Frauds
The Statute of frauds typically require that a contract that cannot be performed within one year to be in writing.
It’s important to note that contracts with indefinite duration will not fall under the statute of frauds.
Takeaways
Let’s look at a summary of our findings.
A contract must be in writing to be enforceable if its performance is impossible within one year.
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