To be enforceable under the statute of frauds, the note or memorandum must be signed by the party sought to be bound by the contract.

Name: To be enforceable under the statute of frauds, the note or memorandum must be signed by the party sought to be bound by the contract.
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According to the statute of frauds, a written note or memorandum must be signed by the party sought to be bound by the contract in order to be enforceable. Therefore, the statement is true.

To Be Enforceable Under the Statute of Frauds, the Note