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Simple English definitions for legal terms

frauds, statute of

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A quick definition of frauds, statute of:

The Statute of Frauds is a law that requires certain contracts to be in writing and signed by the person who will be held responsible for them. This law was first created in England in 1677 to prevent fraud and lies in court. It applies to contracts for the sale of land, contracts that cannot be completed within one year, contracts for goods worth $500 or more, contracts made by an executor or administrator to pay a debt of a deceased person, contracts to guarantee someone else's debt, and contracts made in exchange for marriage. If a contract falls under the Statute of Frauds and is not in writing and signed, it cannot be enforced in court.

A more thorough explanation:

Definition: The Statute of Frauds is a law that requires certain contracts to be in writing and signed by the party to be charged. The purpose of this law is to prevent fraud and perjury in court cases. The law originated in England in 1677 and was titled "An Act for the Prevention of Frauds and Perjuries." The statute declared certain contracts unenforceable if they were not in writing and signed by the party to be charged.

Examples: The Statute of Frauds applies to several types of contracts, including:

  • A contract for the sale or transfer of an interest in land
  • A contract that cannot be performed within one year of its making
  • A contract for the sale of goods valued at $500 or more
  • A contract of an executor or administrator to answer for a decedent's debt
  • A contract to guarantee the debt or duty of another
  • A contract made in consideration of marriage

For example, if John promises to sell his house to Jane but they do not put the agreement in writing and sign it, the contract may not be enforceable in court under the Statute of Frauds. This law helps ensure that contracts are clear and agreed upon by all parties involved.

fraud-on-the-market principle | fraudulent act

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HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
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another victim claimed
concorde
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pwned
14:22
Might have to send in addendums for that
Dkk
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No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
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