Asked by Donna Gentry on Apr 27, 2024
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The state statute that specifies what types of contracts must be in writing (or be evidenced by a written document) is commonly referred to as the
A) Statute of Frauds.
B) Statute of Writing.
C) Statute of Contracts.
D) Statute of Forms.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party or parties to be charged, with the purpose of preventing fraud and perjury in the performance and enforcement of agreements involving significant matters.
Written Document
A composed material that records information in written form for communication or archival purposes.
Contracts
Legally binding agreements between two or more parties, outlining obligations that each party must fulfill.
- Understand the key principles and applications of the Statute of Frauds including what contracts it covers.
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Learning Objectives
- Understand the key principles and applications of the Statute of Frauds including what contracts it covers.
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