What the heck is the statute of frauds?

Clive

Did you not pay attention to anything in our business law class!?

Ari

Clearly not...

Margie

${}_{o.}...$be nice to me$!$

Ari

The statute of frauds punishes individuals who defraud others.

The statute of frauds is a law that requires certain contracts to be typed and printed.

Generally, the statute of frauds is a law that requires certain types of contracts to be memorialized in writing.