Which contract does not require a writing under the Statute of Frauds?

Which contract does not require a writing under the Statute of Frauds?

• A. SURETYSHIP
• B. LAND
• C. GOODS priced at $500 or more
• D. SERVICE contract

Answer: (D)

Under the Statute of Frauds, certain contracts must be in writing to be enforceable. Those categories include deals involving real estate, contracts for the sale of goods priced at $500 or more, and promises to answer for someone else’s debt (suretyship). There’s also the rule that contracts that cannot be performed within one year must be in writing. A service contract generally isn’t one of these categories, so it usually doesn’t require a writing. Many service arrangements can be completed within a year and don’t involve a collateral promise or real property, so they’re not automatically subject to the writing requirement. Of course, if a service contract is for a term longer than a year, or otherwise falls under the one-year rule, a writing would be needed. In the typical scenario, a service contract does not require a writing under the Statute of Frauds.

Under the Statute of Frauds, certain contracts must be in writing to be enforceable. Those categories include deals involving real estate, contracts for the sale of goods priced at $500 or more, and promises to answer for someone else’s debt (suretyship). There’s also the rule that contracts that cannot be performed within one year must be in writing. A service contract generally isn’t one of these categories, so it usually doesn’t require a writing. Many service arrangements can be completed within a year and don’t involve a collateral promise or real property, so they’re not automatically subject to the writing requirement. Of course, if a service contract is for a term longer than a year, or otherwise falls under the one-year rule, a writing would be needed. In the typical scenario, a service contract does not require a writing under the Statute of Frauds.