A contract must be in a formal writing to satisfy the statute of frauds.

Name: A contract must be in a formal writing to satisfy the statute of frauds.
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Question

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The Statute of Frauds requires certain types of contracts to be in writing to be enforceable, but not all contracts must be formal or in writing; many oral contracts are legally valid unless specifically required by law to be in writing.

A Contract Must Be in a Formal Writing to Satisfy