Engineering Board Exam Reviewer · ECE · medium

An oral contract for the sale of electronic equipment worth ₱100,000 that has been fully delivered and paid is:

  1. Void because it is not in writing
  2. Enforceable, because the Statute of Frauds does not apply to executed (performed) contracts
  3. Unenforceable because the price exceeds ₱500
  4. Voidable at the option of the buyer

Answer

B. Enforceable, because the Statute of Frauds does not apply to executed (performed) contracts

Solution

The Statute of Frauds applies only to executory contracts.

More ECE questions

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