Asked by Benjamin Cohen on Jun 13, 2024
Verified
Describe the three main purposes of the statute of frauds, as discussed in the text.
Statute of Frauds
The Statute of Frauds is a legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.
- Comprehend the extent and use of the statute of frauds within the realm of contract law.
Verified Answer
KH
Kenadee HolzendorfJun 16, 2024
Final Answer :
First, the statute attempts to ease contractual negotiations by requiring sufficiently reliable evidence to prove the existence and specific terms of a contract. The second main purpose of the statute of frauds is to prevent unreliable oral evidence from interfering with a contractual relationship. The third main purpose of the statute of frauds is to prevent parties from entering into contracts with which they do not agree.
Learning Objectives
- Comprehend the extent and use of the statute of frauds within the realm of contract law.