Frauds, Statute of

Frauds, Statute of, basis of most modern laws requiring that certain promises must be in writing in order to be enforceable it was passed by the English Parliament in 1677. In the United States, although state laws vary, most require written agreements in four types of contracts: contracts to assume the obligation of another contracts that cannot be performed within one year contracts for the sale of land and contracts for the sale of goods.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

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The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.