statute of frauds

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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).

Use 'statute of frauds' in a Sentence

The statute of frauds was mentioned and fortunately we had everything in writing so we felt secure in our business dealings.
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You should always make sure that any important deal you make lives up to all of the statute of frauds and is legit.
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I read about the statute of frauds and agreed with it because I preferred honesty in the business world and not fraud.
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