Mgmt 455 exam 2 purdue Study guides, Class notes & Summaries

The Statute of Frauds is a rule of law that prevents one party from testifying and attempting to change the terms of a written contract. - ️️False An enforceable contract for the sale of an interest in real estate does not have to be in writing unless the real estate value is greater than $500 - ️️false A contract to pay the debt of another person must be in writing in order to be enforceable - ️️True If an oral contract violates the Statute of Frauds, the oral contract is i...