Quote:
Originally Posted by Dueller
The statute of frauds is law that governs certain transactions. For example, any contract for the sale of land is required to be in writing to be enforceable. Similarly, in my state any contract involving more than $500 is required to be in writing. The idea is that substantial transactions are required to be in writing to prevent one party from committing a fraud on another.
In other words, oral contracts aren't worth the paper they're NOT written on.
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Why would such a statute govern this guy getting ripped off for $7500?
There is no other, non-contract cause of action that he could assert to recover his money? Fraud? Common counts? Money had and received? Nothing like that?
People can just defraud others out of $7500 like in this case, keep the money, and as long as they made sure there was no written contract, they can just say:
Hard to believe that under the facts given by K. Roman, he would have no legal theory upon which to recover his $7500. But you're the fancy lawyer.