frauds, statute of

frauds, statute of
This is the common designation of a very celebrated English statute (29 Car. II, c. 3), passed in 1677, which has been adopted, in a more or less modified form, in nearly all of the United States. Its chief characteristic is the provision that no suit or action shall be maintained on certain classes of contracts or engagements unless there shall be a note or memorandum thereof in writing signed by the party to be charged or by his authorized agent (e.g., contracts for the sale of goods priced at $500 or more; contracts for the sale of land; contracts which cannot, by their terms, be performed within a year; and contracts to guaranty the debt of another). Its object was to close the door to the numerous frauds and perjuries.
It is more fully named as the "statute of frauds and perjuries." Uniform Commercial Code. U.C.C. No. 2-201 provides that a contract for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the parties and signed by the party against whom enforcement is sought or by his authorized agent or broker

Black's law dictionary. . 1990.

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  • frauds, statute of — This is the common designation of a very celebrated English statute (29 Car. II, c. 3), passed in 1677, which has been adopted, in a more or less modified form, in nearly all of the United States. Its chief characteristic is the provision that no …   Black's law dictionary

  • frauds, statute of — See Statute of Frauds …   Ballentine's law dictionary

  • statute of frauds — 1 often cap S&F a: a state law modeled on the English Statute of Frauds or dealing with the enforcement and requirements of agreements in particular circumstances see also statute of frauds in the important laws section compare main purpose rule; …   Law dictionary

  • statute — stat·ute / sta chüt/ n [Latin statutum law, regulation, from neuter of statutus, past participle of statuere to set up, station, from status position, state] 1: a law enacted by the legislative branch of a government see also code, statutory law …   Law dictionary

  • statute — A formal written enactment of a legislative body, whether federal, state, city, or county. An act of the legislature declaring, commanding, or prohibiting something; a particular law enacted and established by the will of the legislative… …   Black's law dictionary

  • Statute of frauds — The statute of frauds refers to the requirement that certain kinds of contracts be made in writing and signed.Traditionally, the statute of frauds requires a writing signed by the defendant in the following circumstances: * Contracts in… …   Wikipedia

  • Statute of Frauds — A legal concept that requires certain types of contracts to be executed in writing. The precise form of the Statute of Frauds varies between jurisdictions, but generally requires a writing for the following types of contracts: (1) Contracts for… …   Investment dictionary

  • statute of frauds — This is the common designation of a very celebrated English statute (29 Car. II, c. 3), passed in 1677, which has been adopted, in a more or less modified form, in nearly all of the United States. Its chief characteristic is the provision that no …   Black's law dictionary

  • statute of frauds — This is the common designation of a very celebrated English statute (29 Car. II, c. 3), passed in 1677, which has been adopted, in a more or less modified form, in nearly all of the United States. Its chief characteristic is the provision that no …   Black's law dictionary

  • Statute of frauds — Fraud Fraud (fr[add]d), n. [F. fraude, L. fraus, fraudis; prob. akin to Skr. dh[=u]rv to injure, dhv[.r] to cause to fall, and E. dull.] 1. Deception deliberately practiced with a view to gaining an unlawful or unfair advantage; artifice by which …   The Collaborative International Dictionary of English

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