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Which of the following is not a valid exception to the statute of frauds?Multiple choice question.Partial performance by one party to the contract with an interest in real propertyAn admission by one party of the existence of a contractPromissory estoppelA contract that is unprofitable to both parties

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Which of the following is not a valid exception to the statute of frauds?Multiple choice question.Partial performance by one party to the contract with an interest in real propertyAn admission by one party of the existence of a contractPromissory estoppelA contract that is unprofitable to both parties

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Solution

The correct answer is "A contract that is unprofitable to both parties". This is not a valid exception to the statute of frauds. The statute of frauds requires certain contracts to be in writing to be enforceable. However, there are some exceptions to this rule. These include partial performance by one party to the contract with an interest in real property, an admission by one party of the existence of a contract, and promissory estoppel. However, whether a contract is profitable or not has no bearing on the statute of frauds.

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