Which of the following is true of the statute of frauds?
A)It prevents the use of oral evidence to contradict the terms of a written contract.
B)It applies to all contracts having consideration valued at $500 or more.
C)It requires an independent promise to pay the debt of another to be in writing.
D)It applies to all real estate leases.

Question

Quizplus · Accepted Answer

The statute of frauds requires an independent promise to pay the debt of another to be in writing.This is due to the fact that such a promise is considered to be an "original" promise and would have to be given in writing in order for it to be enforceable.

Which of the Following Is True of the Statute of Frauds