The primary purpose of the Statute of Frauds is to ensure that all parties to a contract understand all of the terms of the contract. True False For a particular contract to fall under the one-ycar nule, the partics must subjectively believe that its performance is impossible to complete within a year. False True The primary purpose of the Statute of Frauds is to ensure that all parties to a contract understand all of the terms of the contract. True False For a particular contract to fall under the one-ycar nule, the partics must subjectively believe that its performance is impossible to complete within a year. False True