What is stated by the Statute of Frauds?

The Statute of Frauds is a legal doctrine that requires specific types of contracts to be in writing in order to be enforceable. This requirement is designed to prevent potential fraud and misunderstanding in the formation of particular agreements, especially when they involve significant amounts of money or important obligations. The types of contracts typically covered by the Statute of Frauds include those related to the sale of real estate, contracts that cannot be performed within one year, agreements to pay someone else's debt, and contracts for the sale of goods over a certain value.

By mandating that these contracts be documented in written form, the Statute of Frauds helps to ensure that all parties have clear and tangible evidence of the terms to which they have agreed, which can prevent disputes over the existence or details of an agreement. Thus, saying that it requires certain contracts to be in writing accurately reflects the central purpose of the Statute of Frauds, making this the correct interpretation of what the statute enforces.