Which types of contracts must be signed to be enforceable under the Statute of Frauds?

The correct answer pertains to the applicability of the Statute of Frauds, which requires specific types of contracts to be in writing and signed in order to be enforceable. This principle originated to prevent fraud and perjury in certain types of agreements.

Contracts for the sale of goods over a specific value, typically set at $500 under the Uniform Commercial Code (UCC), must be in writing and signed to be enforceable. This requirement helps ensure that there is clear evidence of the agreement, protecting both parties by documenting critical details regarding the transaction.

In contrast, while other contracts such as those involving real estate, contracts lasting longer than one year, and other agreements may also be subject to specific rules regarding written forms to confirm enforceability, not all require signatures under the Statute of Frauds. Real estate contracts typically require written agreements as reflected in the Statute of Frauds; likewise, contracts that cannot be performed within a year also need to be in writing. However, the selection of the specific type for the sale of goods over a certain value is particularly noted as falling under the UCC and thus receives direct reference in this context.

Overall, the focus on contracts for the sale of goods over a certain value reflects the legal framework that emphasizes the