Which statement is false regarding the statute of frauds?
A) It relates to fraudulent contracts.
B) It does not address illegal contracts.
C) It does not exist at the federal level.
D) It requires that only certain contracts be in writing.
E) It is not a unitary government act.

Question

Quizplus · Accepted Answer

The statute of frauds does not relate to fraudulent contracts but rather mandates that certain types of contracts must be in writing to be enforceable. It is designed to prevent fraud and perjury in the enforcement of agreements that are considered significant, such as contracts for the sale of real estate or contracts that cannot be performed within one year.

Which Statement Is False Regarding the Statute of Frauds