What was the intended purpose of the creation and enactment of the Statute of Frauds?
A) to require that commercial contractual relationships be stated in one document
B) to avoid the difficulty in proving the value of the goods or services exchanged
C) to allow performance to take the place of a written duly executed agreement
D) to impede perjury and fraud by documented evidence of specified types of contracts

Question

Quizplus · Accepted Answer

The Statute of Frauds was enacted to prevent fraud and perjury in the courts by requiring that certain types of contracts be in writing and signed by the party to be charged. This ensures there is clear evidence of the agreement's terms and conditions, thereby reducing the potential for disputes over verbal agreements.

What Was the Intended Purpose of the Creation and Enactment