True , The statute of frauds applies to contracts involving a real estate stake. Contracts that would ordinarily be subject to the statute of frauds and require writing are exempt under the "pure dignity rule."
The statute of frauds covers interests in land such as annual crop sales commitments, profit-sharing arrangements between parties from the sale of real estate, and boundary disputes that have been resolved through the use of land.
Due to the statute of frauds, certain verbal agreements are deemed non-binding and unenforceable in the absence of written documentation.
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