Statute of fraud, accounting homework help

The Uniform Commercial Code incorporates some of the same elements as the Statute of Frauds. Under the Statute of Frauds, certain contracts must be in writing to be enforceable. Research the types of contracts that must be in writing under the Statute of Frauds.

Do you agree with the contracts that need to be in writing and explain why or why not? Imagine that you were asked to be part of a team to draft revisions to the Statute of Frauds. What changes or proposals would you make? Why?

For this discussion keeping the Statutes the same is not an option.

Please make this at least 1-2 paragraphs. Can do more if needed.

 

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