Detailed Answer
(d) Contracts which fall within the requirements of the
Statute of Frauds are required to be in writing and signed by the
party to be charged. It is not required that the contract terms be
formalized in a single writing. Two or more documents may be
combined to create a writing which satisfies the Statute of Frauds
as long as one of the documents refers to the others. Answer (a)
is incorrect because the Statute of Frauds requires that agreements
for the sale of goods for $500 or more be in writing; however,
contracts that come under common law are not included in
this requirement. Answer (b) is incorrect because the Statute of
Frauds requires that the written contract be signed by the party
to be charged, not by all parties to the contract. Answer (c) is
incorrect because the Statute of Frauds applies to contracts that
cannot be performed within one year from the making of the
agreement.
