Which of the following is true regarding an oral agreement for the sale of real property? It is:
A. unenforceable; it violates the statue of frauds
B. void: it violates the statue of frauds
C. voidable: it violates the statue of frauds
D. valid: assuming both parties are above the age of majority
Answer: A. unenforceable: it violates the statue of frauds
An oral agreement for the sale of real property fails to fulfill the requirements of the statue of frauds. Such a contract is unenforcable
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Realized gains or losses on available-for-sale investments represent the difference between the ________
A) historical cost and the average market value of the investment B) historical cost and the current market value of the investment C) cash received at time of disposition and the fair value of the investment D) cash received at time of disposition and the cost of the investment
Which takes the most time to complete and involves the highest number of people in the buying process?
A) straight rebuy B) modified rebuy C) new task purchase D) identifying a need