Statute of Frauds
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Business Glossary 
Definitions for: statute of frauds
statute of frauds
legislation adopted in most states stipulating that certain contracts must be in writing to legally be enforceable. The purpose is to prevent fraudulent transactions. For example, Article II of the
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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