Statute Of Frauds

Definition:   an act requiring that certain real estate instruments and contracts affecting title to real property be in writing in order to be enforceable

Pronunciation:   \ˈsta-(ˌ)chüt\ \ˈfrȯd\

Used in a Sentence:   The statute of frauds applies to sales and purchase contracts, option contracts, and lease agreements and listing agreements of more than one year.

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