Statute of Frauds defined (Article 1403, paragraph 2) requires that
certain contracts be in writing, and that they be signed by all parties to
be bound by the contract. Although there can be significant variations between jurisdictions, the most common types of contracts to which a statute of fraud apply are: o
Contracts in consideration of marriage.
Contracts which cannot be performed within one year.
Contracts for the sale of an interest in land.
Contracts by the executor of a will to pay a debt of the estate with his own money.
Contracts for the sale of goods above a certain value.
Contracts in which one party becomes a surety (acts as guarantor) for
another partys debt or other obligation.
Law students often remember these circumstances by the mnemonic MYLEGS (marriage, year, land, executor, goods, surety).
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