Swiftline trucking, inc., and trailer rents corporation are parties to an oral agreement for a one-year lease of six doublewides with payments totaling more than $40,000. they may satisfy the statute of frauds by:
a. repeating the terms in a phone call.
b. shaking hands on the deal.
c. setting out the terms in a memo.
d. mutually agreeing not to commit fraud

They may satisfy the Statute of Frauds by setting out the terms in a memo .

Option C

Explanation:

The statute of fraud is a legal principle which involves the execution in writing of some types of contracts, which include, inter alia, property for sale, any items priced at more than $500 and contracts over a year or more

The fraud Statute of America was introduced originally as a common law principle— i.e. as non-written law — while laws in some jurisdictions, like most other states, have since been standardized.

The defendant can use it as a defence if the contract violates the law of deception extend, as often does in reality, if the claim is to be legitimate. In this kind of case, it is the plaintiff's standard of proof to prove that there really is a valid contract.

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