# CTE Resource Center - Verso - Business Law Task 1988004023

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Describe the purpose of the Statute of Frauds.

Definition

Description should note that the Statute of Frauds requires that certain agreements be in writing to prevent fraud and perjury, and description should include examples of contracts within the Statute of Frauds (e.g., transfer an interest in real property).

Other Related Standards

FBLA Competitive Events and Activities Areas

Business Law

 

NBEA Achievement Standards for Business Law

Analyze the impact of international law on contracts.

 

Identify legislation that regulates consumer credit and electronic credit transactions (e.g., Fair Credit Reporting Act, Fair Credit Billing Act, Equal Credit Opportunity Act, Fair Credit Collection Practices Act, and Consumer Credit Protection Act).

   

List the essential information that should be included in writing under the Statute of Frauds.