Which of the following needs to be in writing to be enforceable under the Statute of Frauds?
a. A lease with a one-year term.
b. A lease listing agreement with less than a one-year term.
c. A partnership agreement.
d. A contract which is to be performed greater than one year after it is entered into.
Answer: d. A contract which is to be performed greater than one year after it is entered into.
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Which of the following is true of covenants and conditions?
A) A covenant is a conditional promise to perform. B) A conditional promise becomes a covenant if the condition is met. C) A contract cannot contain conditions to excuse performance. D) A party cannot sue over breach of a covenant by the other party.
The ability of an organization to produce services that, by utilizing the consumer's five senses, have some uniqueness in their characteristics is:
A) sensory response. B) time-based competition. C) differentiation. D) flexible response. E) experience differentiation.