SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/biz-statute-of-frauds

In most states, which contract generally falls under the statute of frauds?

One that cannot be completed within one year, among others.

Start playing free

  1. Any deal under $50
  2. A contract that cannot be completed within one year ✔
  3. A one-time lawn mowing job

Why: In most states, the statute of frauds covers certain contracts, including land sales and agreements that cannot be completed within one year. Covered agreements generally need a signed writing to be enforceable.

Huh, didn't know that: In most states, Uniform Commercial Code rules also cover sales of goods priced at $500 or more.

The dad joke
A verbal contract isn't worth the paper it's written on.
Like this card?
Play the game

References

Answer: A contract that cannot be completed within one year. In most states, the statute of frauds covers certain contracts, including land sales and agreements that cannot be completed within one year. Covered agreements generally need a signed writing to be enforceable.

  1. Cornell LII Wex: Statute of frauds www.law.cornell.edu/wex/statute_of_frauds
    contracts that involve the sale or transfer of land, (see: real estate transactions), and contracts that cannot be completed within one year.
    Checked 2026-10-11.

Think this answer is wrong? Tap "Challenge this answer" on the card in the game and tell us why.

Test yourself in the game

Starting and Running a BusinessIf you start selling without registering any business type, what are you automatically?Starting and Running a BusinessWho is responsible for a sole proprietorship's business debts?Starting and Running a BusinessWhat does each partner put into a partnership, according to the IRS?

That's stuff everyone should know.