If a judge rules that a party has lost its case because of the Statute of Frauds, the judge has
essentially stated that:
A) The losing party was found by the court to have lied, and will therefore lose the case.
B) The winning party has proven criminally fraudulent conduct on the part of the losing
party.
C) The losing party cannot enforce an oral contract that should have been in writing.
D) The losing party will not be allowed to introduce evidence to contradict a written
agreement.
E) The losing party purposely deceived the other party about a material fact.
C
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With regards to trade prohibitions, Article 81 of the European Community Treaty is analogous to Section 2 of the Clayton Act
Indicate whether the statement is true or false
The business failed to close any of the revenue accounts. The result of this error is that:
A) revenues will be understated. B) capital will be understated. C) the assets will be overstated. D) the liabilities will be overstated.