Asked by Megan Carlson on Jun 19, 2024

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A writing is required for a bailment that will not be completed within 6 months, according to the statute of frauds.

Statute Of Frauds

State-level legislation that addresses the enforceability of contracts that fail to meet the requirements set forth in the statute; serves to protect promisors from poorly considered oral contracts by requiring that certain contracts be in writing.

Bailment

The legal relationship established when possession, but not ownership, of personal property is transferred from one person to another under an agreement.

  • Acknowledge the legal stipulations and effects relevant to bailments, including the duties and rights of bailors and bailees.
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SM
Sophia MorrowJun 26, 2024
Final Answer :
False
Explanation :
The Statute of Frauds requires certain contracts to be in writing to be enforceable, but a bailment contract, which involves the transfer of possession of personal property from one person to another with the intent that the property will be returned, is not typically subject to the Statute of Frauds regardless of the duration of the bailment. The requirement for a writing under the Statute of Frauds generally applies to contracts for the sale of goods over a certain value, contracts in consideration of marriage, contracts that cannot be performed within one year, contracts for the transfer of interests in real estate, and suretyship contracts, among others.