Discuss the statute of fraud

The law may not permit enforcement of an agreement even if all of the requisite elements are met for a valid and enforceable contract. Discuss the statute of fraud. What is required? When is it required? Is it a good thing? Should it be required for all contracts? Now, we are asking “what makes a contract unenforceable?”

Even if it is otherwise valid (on its face), there may be something wrong, unjust, unfair or immoral about enforcing the contract. For this week’s discussion, I would like you to discuss some of the concepts reviewed this week that limit contract enforceability (capacity, duress, undue influence, misrepresentation or fraud, and unconscionability). Pick one or two concepts, describe them, provide examples, and discuss why the defense is important to having a just/fair marketplace