What does Arizona's statute of frauds require for contracts to be enforceable?

Arizona's statute of frauds requires certain types of contracts to be in writing in order to be enforceable. This requirement helps to prevent fraud and misunderstandings by ensuring that there is tangible evidence of the agreement's terms. Contracts typically covered by the statute of frauds include those involving the sale of real estate, any agreement that cannot be performed within one year, and agreements to pay someone else's debts, among others.

The necessity for a written document minimizes disputes over the existence and terms of the contract, ensuring that all parties involved have a clear understanding of their obligations. This written requirement is a critical aspect of contract law in Arizona, reflecting the importance of formal documentation in facilitating clear and enforceable agreements.