What is the statute listing certain contracts which must be in writing to be enforceable called?

The statute that specifies which contracts must be in writing to be enforceable is known as the Statute of Frauds. This legal doctrine aims to prevent fraudulent claims and to ensure that there is solid evidence of the agreements made between parties. Typically, contracts related to transactions such as the sale of real estate, contracts that cannot be performed within a year, and agreements involving significant amounts of money are included under this statute. By requiring these agreements to be documented in writing, the statute helps clarify the terms and prevent misunderstandings or disputes later on. It establishes the legal framework to maintain integrity and accountability in contractual dealings.