The Statute of Frauds is best described as which of the following?

The Statute of Frauds is best described as which of the following?

• A. Old English law to protect consumers from fraud. Says all contracts must be in writing to be enforceable and that all leases for more than one year must be in writing to be enforceable.
• B. A modern federal law about disclosure requirements
• C. A state-level rule about property taxes
• D. A proverb about honest contracts

Answer: (A)

The central idea is that certain agreements must be in writing to be enforceable, reducing the risk of fraudulent claims by providing a tangible record. The Statute of Frauds originated in English law and specifies that particular types of contracts—such as those involving real estate and leases longer than one year—must be in writing. That’s why the best choice describes it as an old English rule requiring writing for enforceability, with an example about long-term leases. The other descriptions refer to federal disclosures, taxes, or a proverb, none of which describe this contract-writing rule.

The central idea is that certain agreements must be in writing to be enforceable, reducing the risk of fraudulent claims by providing a tangible record. The Statute of Frauds originated in English law and specifies that particular types of contracts—such as those involving real estate and leases longer than one year—must be in writing. That’s why the best choice describes it as an old English rule requiring writing for enforceability, with an example about long-term leases. The other descriptions refer to federal disclosures, taxes, or a proverb, none of which describe this contract-writing rule.