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Statute of frauds
(redirected from Statutes of fraud)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
(Law) an English statute (1676), the principle of which is incorporated in the legislation of all the States of this country, by which writing with specific solemnities (varying in the several statutes) is required to give efficacy to certain dispositions of property.
- Wharton.

See also: Fraud



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Often the unenforceability arises from a failure to comply with the Statutes of Frauds, or an inability to subdivide real property.
These protections included laws that added loan commitments to the list of contracts that must be in writing under statutes of frauds, special exemptions from environmental lender liability, and other legislation that skewed the playing field in favor of lenders.
 
 
 
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