Question

Every state has a statute specifying what types of contracts must be in writing and these are often called the statute of frauds.

Answer 1

The statement is true.

The statute of frauds alludes to the necessity that specific sorts of agreements be memorialized in a written work, marked by the gathering to be charged, with adequate substance to prove the agreement. The Statue of Frauds keeps individuals from cheating each other by guaranteeing they're qualified for benefits under nonexistent contracts.