THIS ASSIGNMENT IS A COMPARISON ASSIGNMENT . You will be locating (or creating) two "lists" of contracts or agreements that are required to be in writing. One list is from the textbook and the second...

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THIS ASSIGNMENT IS A COMPARISON ASSIGNMENT. You will be locating (or creating) two "lists" of contracts or agreements that are required to be in writing. One list is from the textbook and the second list will be from the three statutes below.


READING THE CHAPTER ASSIGNED first before reading the statutes will make the analysis easier.



Reviewthe following three statutes. What state law are these statutes from?



List eachitem that is listed in the statutes that must be in writing. This requires you to carefully analyze the statutes and determine what specific items each statute describes.



Look upthe Statute of Frauds list in the textbook. Make a list from the textbook of which contracts or agreements must be in writing. There is a specific list given in the textbook and this will need to be used in order to correctly complete the assignment.You will now have two lists, one from the textbook and one from the three statutes.



Comparethe two lists. What is the difference between the two lists?i.e. what does the textbook list as contracts that have to be in writing compared to the statutes below? There are some types that will be on one list and not the other. Identify these.



Pick one type of contractthat must be in writing and explain what type of contract that is and give an example.



http://www.gencourt.state.nh.us/rsa/html/XXXIV-A/382-A/382-A-2-201.htm(Links to an external site.)



http://www.gencourt.state.nh.us/rsa/html/LII/506/506-1.htm(Links to an external site.)



http://www.gencourt.state.nh.us/rsa/html/LII/506/506-2.htm

Answered Same DayApr 08, 2021

Answer To: THIS ASSIGNMENT IS A COMPARISON ASSIGNMENT . You will be locating (or creating) two "lists" of...

Karishma answered on Apr 11 2021
139 Votes
Contracts
List of contracts to be in writing
1. Land contracts
2. Sale of goods in excess of $500
3. C
ontracts lasting more than one year
4. Contracts to be responsible for someone else's debt
This list of contract is similar to the list in the textbook and indicates that this set of contracts are required to be in writing. Only then it would be possible to build a better level of validity in such contracts and create a stronger understanding among all the users. It is important for the parties to the contract to be able to form a valid contract in order to benefit out of it as well as have a safe legal position.
Comparison of lists
In case of a contract, it is required that the deals be formed as an agreement or a contract in order to ensure that there be a holistic understanding of the contract and its terms. In case of a legal agreement, it can be considered valid only when offer, acceptance and consideration is followed. It is required that certain contracts are in writing. This would help create clarity in a contract along with legal binding...
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