19:00
Nah, I am gray-bearded wizard.
Warning
Info
LSDefine
Simple English definitions for legal terms
SOF
Read a random definition: unsecured creditor
A quick definition of SOF:
Term: SOF
Definition: SOF stands for Statute of Frauds. This is a law that says certain types of contracts must be in writing to be enforceable. This means that if you make a deal with someone, but it's not written down, it might not be legally binding. The types of contracts that fall under the Statute of Frauds vary by state, but they often include things like contracts for the sale of land, contracts that can't be completed within one year, and contracts for the sale of goods over a certain amount of money. So, if you're making an important agreement, make sure to get it in writing!
A more thorough explanation:
SOF
SOF stands for Statute of Frauds. This is a legal rule that requires certain types of contracts to be in writing in order to be enforceable in court.
- A contract for the sale of land
- A contract to pay someone else's debt
- A contract that cannot be performed within one year
For example, if you agree to buy a piece of land from someone, but there is no written contract, the Statute of Frauds may prevent you from enforcing that agreement in court. This is because the sale of land is one of the types of contracts that must be in writing to be enforceable.