Statute of Frauds
Discover the Statute of Frauds, which requires certain categories of contracts to be memorialized in a signed writing to be enforceable.
An enforceable contract only requires four basic elements: an offer, an acceptance, consideration, and intent. However, some contracts may only be enforceable if they are also set down in writing. Today, you’ll be learning about the Statute of Frauds, which requires a signed writing for certain classes of contracts to be enforceable.
We’ll start off our discussion by explaining what the Statute of Frauds is and what it requires. After briefly listing the six classes of contracts that fall...