Asked by JORDAN ESCOBAR on May 31, 2024
Verified
A written contract or a written memorandum signed by the party who seeks to enforce it will satisfy the Statute of Frauds.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing to be enforceable.
Signed
Refers to the act of putting one's signature on a document, symbolizing agreement, acknowledgment, or consent.
- Recognize different types of written documents that comply with the requirements of the Statute of Frauds.
- Understand the importance of a party's signature for creating a legally binding agreement as required by the Statute of Fraids.
Verified Answer
YR
Yamuna RijalMay 31, 2024
Final Answer :
False
Explanation :
The Statute of Frauds requires that certain types of contracts be in writing and signed by the party against whom enforcement is sought, not necessarily by the party seeking to enforce it.
Learning Objectives
- Recognize different types of written documents that comply with the requirements of the Statute of Frauds.
- Understand the importance of a party's signature for creating a legally binding agreement as required by the Statute of Fraids.
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