statute of frauds

statute of frauds definition - legal

n

A statutory requirement that certain contracts must be written and signed  to be enforceable, most often applicable to contracts for real estate and contracts whose purpose spans more than one year.
part performance
Exception to statute of frauds; if all or part of the goods have been delivered and accepted, or all or part of the purchase price has been paid, no written evidence is needed.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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