The Statute of Frauds:

Name: The Statute of Frauds:
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Question

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The Statute of Frauds makes certain types of contracts unenforceable unless they are in writing, and signed by the parties to be charged. These include contracts involving the sale of land, contracts that cannot be performed within one year from the date of formation, and contracts for the sale of goods over a certain value. The purpose of the Statute of Frauds is to prevent misunderstandings and fraudulent claims in certain types of contracts.