The Statute of Frauds applies only to:
A) administrative contracts.
B) executory contracts.
C) business contracts.
D) notarized contracts.

Question

Quizplus · Accepted Answer

The Statute of Frauds is a law that requires certain types of contracts to be in writing and signed by the parties involved, in order for them to be enforceable. It applies only to executory contracts, which are contracts that have not yet been fully performed by either party. This includes contracts for the sale of goods valued over $500, contracts for the sale of real estate, contracts that cannot be performed within one year, and certain types of guarantee or suretyship contracts.

The Statute of Frauds Applies Only To