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Examen
AIC 301 UPDATED STUDYGUIDE EXAM WITH GRADED ANSWERS
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---162marzo 20262025/2026A+
- 4 examples of contracts that have to be in 
writing - answer-1) sale of real estate 
2) agreements that can't be performed within 1 
year 
3) transactions > $500 
4) agreements to pay a debt owed 
a contract where each party promises to 
perform an act in exchange for an act by the 
other party - answer-bilateral contract 
a legally enforceable agreement between 2 or 
more parties - answer-contract 
not all __________________ are legally binding 
contracts - answer-agreements ...
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