Newmark & co. real estate, inc., (the broker) contacted 2615 east 17 street realty, llc, (the landlord) to lease certain real property on behalf of a client (the tenant). as is common in real estate transactions, the broker is paid a commission. the lease agreement stated that the landlord would pay the full commission to newmark. newmark e-mailed the landlord a commission agreement containing information on the amount of the commission, the deadline for payment of the commission, the services for which the commission was being paid, and the information about newmark required to make payment. the landlord e-mailed newmark back with a request to pay the commission in several payments instead of one single payment. newmark revised the agreement to include the multiple payment deadlines and e-mailed a final copy to the landlord. the landlord responded by e-mail, acknowledging receipt of the revision and newmark for making the change. all e-mails had the names of the sender typed at the bottom of the e-mail.
the statute of frauds requires certain types of contracts to be in writing. all of these contracts must be in writing except answer choices:
a. contracts involving land
b. contracts that by their terms cannot be performed in less than a year after the date of agreement.
c. a promise to answer for a debt of another.
d. a promise made in consideration of a marriage.
e. a promise to work for an employer for the rest of your life f. contracts for the sale of goods over $500.

answer; /// the above statement is (true);

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.