Asked by Ahmed Alsuhayyih on Jun 25, 2024
Verified
Under the Statute of Frauds, which types of contracts are required to be in writing?
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing to be enforceable.
- Identify the types of contracts that require a written form under the Statute of Frauds.
Verified Answer
TS
Tailor SmithJun 28, 2024
Final Answer :
Under the Statute of Frauds, the following types of contracts are required to be in writing:
• Contracts involving the interests of land (or anything attached to land)
• Contracts that cannot by their terms be performed within one year from the day after the date of formation
• Collateral, or secondary, contracts, such as promises to answer for the debts of another
• Promises made in consideration of marriage
• Contracts for the sale of goods priced at $500 or more
• Contracts involving the interests of land (or anything attached to land)
• Contracts that cannot by their terms be performed within one year from the day after the date of formation
• Collateral, or secondary, contracts, such as promises to answer for the debts of another
• Promises made in consideration of marriage
• Contracts for the sale of goods priced at $500 or more
Learning Objectives
- Identify the types of contracts that require a written form under the Statute of Frauds.