The main purpose of the statute of frauds is to
A) Ensure that both parties have equal bargaining power.
B) Create an equal exchange of information so that both parties can make an informed decision.
C) Prevent fraud by requiring a written contract to have written evidence of the agreement.
D) Encourage parties to operate ethically and morally.

Question

Quizplus · Accepted Answer

The statute of frauds requires certain types of contracts to be in writing to prevent fraud and misunderstandings by ensuring there is clear evidence of the agreement.

The Main Purpose of the Statute of Frauds Is to