Some Leading Benefits of Latin (and Classical) Studies. You don't just read about Seneca or Caesar; you read the words of Seneca and Caesar themselves. You don't just speak your own modern language unreflectively, but you learn where much of it came from, after actually seeing the contents and the workings of one of its greatest sources.
Every state has some version of a statute of frauds. A statute of frauds is a law that deems certain types of oral contracts unenforceable unless there's a writing that evidences the agreement. The writing doesn't need to be a formal, written contract.
Goods and Services. Some business contracts involve the sale of goods and services together. In order to know whether a statute of frauds might apply, you'll need to know the primary goal of the contract. If the contract is primarily for the sale of goods over $500, then a statute of frauds likely applies. If the contract is primarily for the sale of services, then a statute of frauds won't apply. For example, let's say I'm a party planner and you hire me to plan the big birthday party for Bertram. I'm planning the whole thing, for over 1,000 people, and I'm also selling you the t-shirts for the party.