Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the principal must be in writing even if negotiated by an agent?

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Business

Madilynn Rocha

1 August, 02:16

Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the principal must be in writing even if negotiated by an agent?

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Kaeden · Answer 1

Answer: The rule that requires that a contract should be written is Equal dignity rule

Explanation:

Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.

It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected.