<P> The statute of frauds refers to the requirement that certain kinds of contracts be memorialized in a writing, signed by the party to be charged, with sufficient content to evidence the contract . </P> <P> Traditionally, the statute of frauds requires a signed writing in the following circumstances: </P> <Dl> <Dd> <Ul> <Li> Contracts in consideration of marriage . This provision covers prenuptial agreements . </Li> <Li> Contracts that cannot be performed within one year . However, contracts of indefinite duration do not fall under the statute of frauds regardless of how long the performance actually takes . </Li> <Li> Contracts for the transfer of an interest in land . This applies not only to a contract to sell land but also to any other contract in which land or an interest in it is disposed, such as the grant of a mortgage or an easement . </Li> <Li> Contracts by the executor of a will to pay a debt of the estate with his own money . </Li> <Li> Contracts for the sale of goods totaling $500.00 or more . </Li> <Li> Contracts in which one party becomes a surety (acts as guarantor) for another party's debt or other obligation . </Li> </Ul> </Dd> </Dl> <Dd> <Ul> <Li> Contracts in consideration of marriage . This provision covers prenuptial agreements . </Li> <Li> Contracts that cannot be performed within one year . However, contracts of indefinite duration do not fall under the statute of frauds regardless of how long the performance actually takes . </Li> <Li> Contracts for the transfer of an interest in land . This applies not only to a contract to sell land but also to any other contract in which land or an interest in it is disposed, such as the grant of a mortgage or an easement . </Li> <Li> Contracts by the executor of a will to pay a debt of the estate with his own money . </Li> <Li> Contracts for the sale of goods totaling $500.00 or more . </Li> <Li> Contracts in which one party becomes a surety (acts as guarantor) for another party's debt or other obligation . </Li> </Ul> </Dd>

Contracts that fall under the statute of frauds
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