Identity Theft Statutes Assignment Example | Topics and Well Written Essays - 2000 words

Identity Theft Statutes - Assignment ExampleThe mandate acknowledges the names of the contracting parties as well as the terms and conditions contract requirements (Catherine 2004, 48). Therefore, the status of fraud serves to nourish the parties to the contract from deception by the other party if in case one of them decides to avoid do either part or all of their liabilities in the agreement (Miller, Harvey & Parry 1998, p.364). Therefore, it is native for the parties to fit they include statues of frauds in their contract to ensure that effective discharge of their duties s a means of improving problem performances and reduce the legal cases arising from the failure of contract performance.This report will explore the purpose of statutes of frauds and what it entails. It also explores the regard the statutes of fraud will have in a contract and when the parties to the contract may find it essential to establish statutes of frauds. In addition, the study will focus on cond itions under which the statute of fraud may be ignored during the implementation of the contract. Finally, it will focus on the effects of court cases in the accompaniment where the parties had signed statutes of contract by studying the court cases in which it was applied.The main significance of the statutes of fraud is to ensure there is evidence of the existence of a contract between parties and assure them of the performance of the contract (Catherine 2004, 48). Whereas the statutes were open up to reduce the cases of deception among the contracting parties and provide evidence to the court when solving disputes the statutes does not cover intimately of the contracts especially the contracts of services which are accomplished in less than a year (James 2003, p. 18). The controversy in this requirement is that most of the contracts which do not fall within the statutes are the most rampant in day-to-day life.