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You do not currently have access to this chapter. PurchaseOur books are available by subscription or purchase to libraries and institutions. Purchasing information What type of writing is required to satisfy the Statute of Frauds?To meet the requirements of the statute of frauds, there must be a sufficient writing to demonstrate that a contract exists. The writing can be typed, handwritten, or electronic. The agreement must generally be signed by the party against whom it is being enforced.
What is the one exception to the Statute of Frauds?These exceptions are admission, performance, and promissory estoppel. Admission means that an oral contract can be enforced without meeting the requirements of a statute of frauds if the other party admits under oath that the oral contract was made.
What is the primary purpose of the Statute of Frauds?The purpose is to prevent fraud and other injury. The most common types of contracts to which the statute applies are contracts that involve the sale or transfer of land, and contracts that cannot be completed within one year.
What is the rule concerning contracts within the Statute of Frauds quizlet?If a contract falls within the Statute of Frauds, then the general rule is that the contract is unenforceable unless evidenced by a writing signed by the party against whom enforcement is sought.
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