The Statute of Frauds, dating from 1677, was largely repealed in England and Wales by the Law Reform (Enforcement of Contracts) Act 1954 (2 & 3 Eliz. 2. c. 34). The only provision of it extant is part of Section 4 which means that contracts of guarantee (surety for another's debt) are unenforceable unless evidenced in writing. This requirement is clarified by section 3 of the Mercantile Law Amendment Act 1856 (19 & 20 Vict. c. 97), dated 29 July 1856, which provides that the consideration for the guarantee need not appear in writing or require any necessary inference from a written document.
The Statute of Frauds dating from 1677 was largely repealed in England and Wales by the Law Reform (Enforcement of Contracts) Act 1954 (2 & 3 Eliz 2 c 34) The only provision of it extant is part of Section 4 which means that contracts of guarantee (surety for another's debt) are unenforceable unless evidenced in writing This requirement is clarified by section 3 of the Mercantile Law Amendment Act 1856 (19 & 20 Vict c 97) dated 29 July 1856 which provides that the consideration for the guarantee need not appear in writing or require any necessary inference from a written document