Discussion choose to talk about the list of type of contract

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Reference no: EM133481357

Question: For week four discussion choose to talk about the list of type of contracts that must be in writing according to Statute of Frauds). As it mentions in the website legal match "The statute of frauds says that certain types of contracts must be in writing to be enforceable. In most states, the following types of contracts must be in writing Contracts to transfer or sell land; Contracts that relate to the subject of marriage; Contracts to sell goods that are worth $500 or more; Contracts that cannot be completed entirely during the one year after signing (based on the actual terms in the agreement); Contracts involving promises to pay off another person's debt. These are sometimes called "surety contracts"; and Contracts where an estate executor states they will pay debts from their own personal funds." (DeBlasi, 5. 2020)

Any of the above certain types of contracts must be in writing to be enforceable. These contracts should also include the following: All basic terms and conditions of the agreement;

Identification of the people that are involved in the agreement; and A clear statement the subject of the agreement (for example: what goods and/or services are included)." (DeBlasi, 5. 2020)

Reference no: EM133481357

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