Under the statute of frauds, an oral contract must be completed within one year after performance begins.

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The statute of frauds requires certain types of contracts to be in writing to be enforceable, but it does not stipulate that an oral contract must be completed within one year after performance begins. Instead, it generally states that contracts that cannot be performed within one year must be in writing to be enforceable.

Under the Statute of Frauds, an Oral Contract Must Be