What is the Statute of Frauds?

The Statute of Frauds requires certain contracts to be evidenced by a writing signed by the party to be charged. ^[1][2] Common categories - Real property transfers - Leases beyond one year (jurisdiction-dependent) - Goods $500+ under UCC 2-201 - Surety / guaranty agreements - Marriage settlement contracts (state law) Consequences Oral contracts in these categories are often unenforceable—subject to part performance and promissory estoppel exceptions in equity. Electronic signatures Often satisfy writing requirements under E-SIGN and UETA when applicable. ^[1][2]