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Contracts that Fall Under Statute of Fraud

Contracts That Fall Under Statute Of Fraud

The following are contracts which fall under the Statute of Frauds:

      Involving Land

      Cannot be Completed within One Year

      Collateral Promises

      Marriage Promises

      Sale of Goods

      Uniform Commercial Code

      Executor of a Will Pays Debt of an Estate.

The Statute of Frauds also requires a contract be written in the event the executor of an estate pays any of the estate's debts out of the executor's own money. This is twofold: to ensure that the executor's claims for reimbursement are substantiated by documentation and to encourage the executor to use the estate's resources before their own. 

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