The purpose of the Statute of Frauds is to prevent fraud and perjury regarding certain kinds of contracts.

Name: The purpose of the Statute of Frauds is to prevent fraud and perjury regarding certain kinds of contracts.
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Question

Quizplus · Accepted Answer

The purpose of the Statute of Frauds is indeed to prevent fraud and perjury in regard to certain types of contracts, such as contracts for the sale of real estate, contracts that cannot be performed within one year, and contracts for the sale of goods over a certain monetary amount.

The Purpose of the Statute of Frauds Is to Prevent