The Statute of Frauds requires certain agreements to be in a signed writing in order to be enforceable. Be careful to note that a contract exists, but if a statute of frauds defense exists, the contract might not be enforceable. This is because the statute of frauds is a defense to enforcement, much like a minor has the defense of being too young to be bound to a contract. Generally, the agreements covered by a particular jurisdiction’s statute of frauds are best remembered by the mnemonic “MYLEGS:”
- Marriage
- Year
- Land
- Executors
- Goods $500 or more
- Suretyships
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