About: Statute of frauds   Sponge Permalink

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The Statute of Frauds was developed primarily to discourage fraud and perjury in proving the existence and content of a contract. Its essential function is to bar proof of certain contracts unless a sufficient writing exists for certain transactions. The Statute of Frauds demands at least some evidence of a contract; a party may not claim that an oral contract or modification was made without submitting some proof. One method of proof is that the contract be memorialized, i.e., set forth with certainty, in a signed writing.

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  • Statute of frauds
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  • The Statute of Frauds was developed primarily to discourage fraud and perjury in proving the existence and content of a contract. Its essential function is to bar proof of certain contracts unless a sufficient writing exists for certain transactions. The Statute of Frauds demands at least some evidence of a contract; a party may not claim that an oral contract or modification was made without submitting some proof. One method of proof is that the contract be memorialized, i.e., set forth with certainty, in a signed writing.
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  • The Statute of Frauds was developed primarily to discourage fraud and perjury in proving the existence and content of a contract. Its essential function is to bar proof of certain contracts unless a sufficient writing exists for certain transactions. The Statute of Frauds demands at least some evidence of a contract; a party may not claim that an oral contract or modification was made without submitting some proof. One method of proof is that the contract be memorialized, i.e., set forth with certainty, in a signed writing.
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