The Statute of Frauds Requires That a Promise to Pay

question 19

True/False

The Statute of Frauds requires that a promise to pay debts of another person must be in writing to be a valid contract.

---

Definitions:

Reactance Theory

A psychological theory suggesting that people have a negative reaction to restrictions on their personal freedoms, often resulting in a motivation to regain those freedoms.

Status Quo Bias

The preference to keep things the way they are rather than change.

Dispute

A disagreement, argument, or debate, often between people or groups with opposing viewpoints.

Participant

A person who takes part in something, such as an experiment or study.