Which item is included in the Statute of Frauds as described?

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Multiple Choice

Which item is included in the Statute of Frauds as described?

Real estate transfers must be in writing to be enforceable under the Statute of Frauds. This rule exists because a contract that conveys an interest in land creates a lasting, significant rights record, so a written, signed instrument (like a deed) is required to prove the terms and prevent fraud. The other items don’t automatically trigger the writing requirement in typical scenarios. Service contracts can be oral, a promise to lend money is usually enforceable if the loan can be completed within a year or isn’t a suretyship, and a contract that can be performed in two weeks is typically within a year and doesn’t need a writing. Therefore, real estate transfers are the item included in the Statute of Frauds.

Real estate transfers must be in writing to be enforceable under the Statute of Frauds. This rule exists because a contract that conveys an interest in land creates a lasting, significant rights record, so a written, signed instrument (like a deed) is required to prove the terms and prevent fraud.

The other items don’t automatically trigger the writing requirement in typical scenarios. Service contracts can be oral, a promise to lend money is usually enforceable if the loan can be completed within a year or isn’t a suretyship, and a contract that can be performed in two weeks is typically within a year and doesn’t need a writing. Therefore, real estate transfers are the item included in the Statute of Frauds.

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