Statute of Frauds 1677

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The Statute of Frauds was enacted to meet the danger that certain types of contract could be established by false evidence, or evidence of "loose talk, when it never was really meant to make such a contract" - Steele v M'Kinlay

It's of some relevance when you are considering a guarantee and has something to with why you see indemnities tacked onto guarantees - the Statute of Frauds applies to guarantees but not to ordinary contracts.

See Also