Which of the following are not elements of a written agreement under the statute of frauds? (Check all that apply.)Multiple select question.All pertinent terms must be listed.The parties to the agreement must be identified.The agreement must be profitable for both parties.The agreement must be signed by an agent, not the principal to the contract.

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

Which of the following is not a valid exception to the statute of frauds?

Select all that applyWhat are the elements of the promissory estoppel exception to the statute of frauds? (Check all that apply.)Multiple select question.Both parties can no longer profit from the contract.The detrimental reliance of the injured party could have been foreseen by the other party.One party to the contract must be a minor.One party detrimentally relied on an oral promise.

The partial performance exception to the statute of frauds covers contracts involving: Blank______.Multiple choice question.the sale of goodsa property interestthe sale of automobiles onlymutual promises to marry

Which of the following statements is INCORRECT? Select one: a. A partnership agreement must be in writing. It cannot be reached orally or by a course of conduct. b. The Partnership Act determines partners’ rights, duties and interests, if not included in the partnership agreement. c. The rights and obligations of partners to each other arise from the partnership agreement, the statute, and the equitable concept of the fiduciary. d. If an agreement provides that a person should be paid a percentage of the profits made by their firm, they may be a partner and jointly liable to creditors of the firm.