Only contracts involving significant sums of money must be in writing to be enforceable.

Question

Quizplus · Accepted Answer

Many types of contracts must be in writing to be enforceable due to the Statute of Frauds, not just those involving significant sums of money. This includes contracts for the sale of real estate, contracts that cannot be performed within one year, and certain goods contracts under the Uniform Commercial Code, among others.

Only Contracts Involving Significant Sums of Money Must Be in Writing