Posted: May 2nd, 2017

What is true about the statute of frauds for common law contracts?

What is true about the statute of frauds for common law contracts?
It mandates that all forms of contract be in writing.
It creates specific formats in which parties are required to write contracts.
It is applicable to contracts that cannot be performed in less than one year.
It is not pertinent to contracts pertaining to the sale of land.