statute of frauds definition

statute of frauds

Requirement that certain contracts (such as for sale of land, sale of goods exceeding a certain value, a debt guaranty) must be in writing and properly executed to prevent fraud and perjury. Otherwise such contracts cannot be enforced in the courts although they remain legal (are not rendered void).

statute of frauds is in the Corporate, Commercial, & General Law subject.

statute of frauds appears in the definitions of the following terms: trustee and fraud

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