Zakutansky 1David ZakutanskyDr. NaplesBULA 30013/31/2010Virginia Statute of FraudsA statute of frauds is a law that states the requirements for certain contracts to be written and signed in writing to be recognized as enforceable under the law. The Virginia statute of frauds can be found in Virginia Code Section 8.2-201. The Virginia Code has three main rules that determine which contracts are covered by the law. First, a contract over $500 must be in writing to be enforceable. The first section also goes on to say that just because a contract omits or incorrectly states a term does not necessarily cause a contract to be rendered unenforceable. Second, contracts between merchants if within a reasonable a written confirmation is sent and received by
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$500, wri ting, David Zakutansky Dr. Naples BU, Virginia Code Section