Asked by Michael Byars on May 03, 2024
Verified
There is no federal statute of frauds.
Federal Statute
A law enacted by the national government that applies across the whole country.
- Familiarize yourself with the protective mechanisms and applications pertaining to the Statute of Frauds in the field of contract law.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
True
Explanation :
There is no federal statute of frauds; instead,such legislation exists at the state level,with the exception that Louisiana,Maryland,and New Mexico have statutes of frauds created by judicial decision rather than by legislation.
Learning Objectives
- Familiarize yourself with the protective mechanisms and applications pertaining to the Statute of Frauds in the field of contract law.