Question

The writing requirement under the Statute of Frauds means that an agreement must simply be evidenced by some type of writing, written memorandum, or electronic record, but no special form is required.
a. True
b. False

Answer 1

Answer:

It is True. the option (a) is correct

Explanation:

Solution

Given that:

The statue of fraud can be refereed to as the requirements for specific kind of contract that should be in writing and signed by the parties involved with sufficient evidence. the main idea is to stop fraud and other types of injury.

The vital aspect of statute of frauds include  the following:

• It applies to particular types of contract and they are six classification It include contracts for  an interest for the sale of land, contracts that need to be performed in more than a year, contracts about someone else's debt presumed by other, contract in which marriage is a deliberation, contracts for good sold value more than $500 and promises by executors or administrators.

• The motive of the contract is that it formalize the concurrence between the parties so that it can be thought seriously.

• The statute of frauds avert fraudulent conduct of one party to another.