Satisfying The Statute Of Frauds ElectronicallyThis summary discusses the Statute of Frauds, what type of contracts fall under it, and how it can be satisfied electronically. With more and more transactions taking place electronically, it is important to know what satisfies all of the contractual requirements. The requirement under the Statute of Frauds is that applicable contracts must be in writing to be enforceable. The courts and laws have had to adapt to the electronic age and this summary will include legal trends.
The following questions have been addressed in this article:Will the signature requirement be met if the document received is on a letterhead that identifies the party, but has no form of a signature in the message area?
Can an offer sent in letterform be accepted electronically?
What is the best way to make sure the signature requirement will be satisfied if you receive a telecopy from a computer and not a fax machine?