Business Law Ch 9

Question 1

The types of contracts affected by the Statue of Frauds

Answer 1

i. A promise to answer for the debt
ii. Marriage
iii. Interest in Land
iv. An agreement NOT to be performed by either party within one year
v. Ratification of infants’ contracts

Question 2

Statue of Frauds

Answer 2

• To make certain contracts unenforceable unless in writing

- By defeating the reasonable expectations of the parties, the Statue of Frauds promotes more frauds than it prevents