Statue Of Frauds

[TunaTacos]

What is the name of your state? MD

What is the $$ amount in Maryland, according to the Staue Of Frauds, that a contract is required to be in writing rather than oral to be enforceable? Is there a link available or can anyone provide a reference in the Annotated Code of Maryland? TIA

 

[mykoleary]

the Staue Of Frauds

Ahhhh, the good old statue of Frauds. I always wondered why they commissioned a statue of Mr Frauds...

 

[racer72]

http://www.west.net/~smith/frauds.htm

 

[Crazyhorse]

totally forgot about the statute of frauds on my contracts exams... ended up with a B but I could've had the A+.

F the statute of frauds!

 

[I AM ALWAYS LIABLE]

What is the name of your state? MD

What is the $$ amount in Maryland, according to the Staue Of Frauds, that a contract is required to be in writing rather than oral to be enforceable? Is there a link available or can anyone provide a reference in the Annotated Code of Maryland? TIA

§ 5-901. Executory contracts.

Unless a contract or agreement upon which an action is brought, or some memorandum or note of it, is in writing and signed by the party to be charged or another person lawfully authorized by that party, an action may not be brought:

(1) To charge a defendant on any special promise to answer for the debt, default, or miscarriage of another person;

(2) To charge any person on any agreement made on consideration of marriage; or

(3) On any agreement that is not to be performed within 1 year from the making of the agreement.


[An. Code 1957, art. 39C, § 1; 1997, ch. 31, § 1.]