The contract and the memorandum required by the Statute of Frauds must set forth all the material terms of the transaction.

Name: The contract and the memorandum required by the Statute of Frauds must set forth all the material terms of the transaction.
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The Statute of Frauds requires that certain contracts be in writing and include all material terms to be enforceable, ensuring clarity and preventing fraud.

The Contract and the Memorandum Required by the Statute of Frauds