Securing the Best Outcome on a Real Estate Deal: How the Statute of Frauds Works in Your Favor 488388807043998927-blid-8055074165586550542

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The Statute of Frauds is based on old English law and requires that certain contracts be in writing in order to be enforceable against the parties to the contract. The statute applies to property sales and transfers or leases for more than a year. The Statute of Frauds is a misnomer and instead should be called the statute "against" frauds since its purpose is to memorialize a transaction to writing, preventing confusion and fraud.
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