Which of the following is an incorrect statement regarding the statute of frauds?
A)It relates to fraudulent contracts.
B)It does not address illegal contracts.
C)It does not exist at the federal level.
D)The statute requires that certain contracts be in writing.
E)Some states have statutes of frauds created by judicial decision rather than legislation.

Question

Quizplus · Accepted Answer

The term "statute of frauds" is somewhat misleading because it does not relate to fraudulent contracts

Which of the Following Is an Incorrect Statement Regarding the Statute