What does statute of frauds mean?
Definitions for statute of frauds
statute of frauds
This dictionary definitions page includes all the possible meanings, example usage and translations of the word statute of frauds.
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Wiktionary
statute of fraudsnoun
A statute that bars enforcement of an oral contract.
Wikidata
Statute of frauds
The statute of frauds refers to the requirement that certain kinds of contracts be memorialized in a signed writing with sufficient content to evidence the contract. Traditionally, the statute of frauds requires a signed writing in the following circumstances: ⁕Contracts in consideration of marriage. This provision covers prenuptial agreements. ⁕Contracts that cannot be performed within one year. However, contracts of indefinite duration do not fall under the statute of frauds regardless of how long the performance actually takes. ⁕Contracts for the transfer of an interest in land. This applies not only to a contract to sell land but also to any other contract in which land or an interest in it is disposed, such as the grant of a mortgage or an easement. ⁕Contracts by the executor of a will to pay a debt of the estate with his own money. ⁕Contracts in which one party becomes a surety for another party's debt or other obligation. This can be remembered by the mnemonic "MY LEGS": Marriage, contracts for more than one Year, Land, Executor, Goods, Surety.
Numerology
Chaldean Numerology
The numerical value of statute of frauds in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of statute of frauds in Pythagorean Numerology is: 7
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