What Types of Contracts Does the Statute of Frauds Require

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The Answer is Only specific types of contracts fall within the statute of frauds and thus are required to be evidenced in writing.They are: a)contracts whose terms prevent possible performance within one year; b)promises made in consideration of marriage; c)contracts for one party to pay the debt of another if the initial party fails to pay; and d)contracts related to an interest in land.Although required to be in writing under the Uniform Commercial Code (UCC)and not the statute of frauds,a related fifth category is contracts for the sale of goods totaling more than $500.

What Types of Contracts Does the Statute of Frauds Require

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What Types of Contracts Does the Statute of Frauds Require

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