What is the name of the statute under which certain types of contracts must be in writing to be enforceable?

The statute that requires certain types of contracts to be in writing for enforceability is known as the Statute of Frauds. This legal principle was established to prevent fraud and perjury in the enforcement of contracts that are significant in value or duration. Common examples include contracts for the sale of real estate, agreements that cannot be performed within one year, and contracts for the sale of goods exceeding a certain amount, among others. By mandating that these contracts be in writing, the Statute of Frauds aims to create a clear and verifiable record of the agreement, which can be crucial in legal disputes.

Understanding this statute is essential for anyone involved in legal transactions, as it highlights the importance of documentation in business dealings and personal agreements. The other options do not pertain to the requirement for contracts to be in writing. The Statute of Limitations deals with the time frame for bringing legal actions, Statute Law refers more generally to written laws enacted by a legislative body, and a writ is a formal written order issued by a court.