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Can you summarize DCCO Title 28, Chapter 35?
Other Commercial Transactions. > Statute of Frauds.
Short Summary
The Statute of Frauds is a legal provision that requires certain types of contracts to be in writing and signed in order to be enforceable. It applies to contracts or transactions involving real estate, promises to answer for the debt or obligation of another person, agreements made upon consideration of marriage, and contracts that are not to be performed within one year from the making thereof. The statute aims to prevent fraudulent claims and ensure that important agreements are properly documented. The Statute of Frauds does not apply to contracts that are for less than one year, contracts made by deed, contracts for the sale of goods, or contracts that have already been fully performed. It is important for parties to be aware of the requirements of the Statute of Frauds when entering into contracts to ensure their enforceability.
Whom does it apply to?
The Statute of Frauds applies to individuals or entities involved in contracts or transactions that fall within its scope.
What does it govern?
Statute of Frauds governs the requirements for certain types of contracts to be in writing and signed in order to be enforceable.
What are exemptions?
The Statute of Frauds does not apply to contracts or transactions that do not meet the specified criteria, such as contracts for less than one year, contracts made by deed, contracts for the sale of goods, or contracts that have already been fully performed.
What are the Penalties?
The Statute of Frauds does not specify any penalties for non-compliance or violation of its provisions.
Jurisdiction
Washington, D.C.