What is the statute of frauds?

The statute of frauds is a law that requires certain kinds of written contracts or agreements to be in writing in order for them to be legally enforceable. In Maryland, the statute of frauds is found in the Maryland Code, Court & Judicial Proceedings Article, Section 3-122. Under this law, certain categories of contracts must be in writing in order to be enforced. These include contracts that involve transferring real estate, contracts which cannot be completed within a year, contracts that involve a description of goods or services, contracts for marriage settlements, and contracts for the sale of goods over 500 dollars in value. This statute applies to all these contracts that need to be in writing in order for them to be legally enforceable. In some cases, a contract can be partially oral and partially written, but certain aspects of the contract must be in writing in order to be enforceable. If a person promises to pay for something but does not put the agreement in writing, then that agreement is not enforceable under the statute of frauds.

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What is the statute of frauds?

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