STATUTES OF FRAUD: Laws in most states to protect against false claims for payment from contracts that were not agreed upon. The specific laws vary from state to state, but most require that certain contracts be in writing.
STATUTES OF FRAUD - Laws to protect against false claims for payment from contracts that were not agreed upon. Requirement that certain contracts be in writing.
There are many statutes of frauds, but use of the term often implies a single entity. This is at least partially due to the great stature of the original law, which represents the general principle that a contract must be in writing to be enforceable.
However, a party unjustly enriched by an unenforceable contract may be subject to restitution for unjust enrichment. Statutes of Frauds are typically codified in state statutes covering specific types of contracts, ...
 See also: Term, Statutes, Statute, Uniform commercial code, Use
  
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