REG - Statute of Frauds, contract breach

https://preview.redd.it/5h2f3cuun4oe1.png?width=702&format=png&auto=webp&s=0ce0b1b74f6776e58f493e58358a9f136dd5c606

Confused why, in the explanation, it states that the contract could not be performed within a year? Doesn't the contract start on Jan 1 and it is to "manage the restaurant for one year starting Jan 1" - why is this not possible?