What is the statute of frauds?

The statute of frauds is a statute that list the types of agreements that have to be in a writing to be enforceable. The law contemplates that some agreements of such a nature that they really should be in writing to be enforceable. An example of one of those types of agreements is a guarantee one cannot be charged to answer for the debt of another, unless the agreement is in writing. There are many other examples as well.

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