What is the statute of frauds?
The statute of frauds requires certain contracts to be in writing to be enforceable.
Why it matters
It prevents fraudulent claims about deals that were never made.
Common confusion
It does not ban oral contracts generally — only specific types must be written.
Frequently Asked Questions
What contracts must be in writing?
Land sales, contracts over a year, and guarantees, among others.
Is an email enough?
Often yes, if it shows the essential terms and parties.
What if we performed anyway?
Part performance can sometimes satisfy the rule.