Asked by Benjamin Cohen on Jun 13, 2024

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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.
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Kenadee HolzendorfJun 16, 2024
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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.