Statute of Fraud
1624. The following contracts are invalid, unless they, or some note or
memorandum thereof, are in writing and subscribed by the party to be
charged or by the party's agent:
(a) An agreement that by its terms is not to be performed within a
year from the making thereof.
(b) A special promise to answer for the debt, default, or miscarriage
of another, except in the cases provided for in Section 2794.
(c) An agreement for the leasing for a longer period than one year,
or for the sale of real property, or of an interest therein; such an
agreement, if made by an agent of the party sought to be charged, is
invalid, unless the authority of the agent is in writing, subscribed by
the party sought to be charged.
(d) An agreement authorizing or employing an agent, broker, or any
other person to purchase or sell real estate, or to lease real estate
for a longer period than one year, or to procure, introduce, or find a
purchaser or seller of real estate or a lessee or lessor of real estate
where the lease is for a longer period than one year, for compensation
or a commission.
(e) An agreement which by its terms is not to be performed during the
lifetime of the promisor.
(f) An agreement by a purchaser of real property to pay an
indebtedness secured by a mortgage or deed of trust upon the property
purchased, unless assumption of the indebtedness by the purchaser is
specifically provided for in the conveyance of the property.
(g) A contract, promise, undertaking, or commitment to loan money or
to grant or extend credit, in an amount greater than one hundred
thousand dollars ($100,000), not primarily for personal, family, or
household purposes, made by a person engaged in the business of lending
or arranging for the lending of money or extending credit. For purposes
of this section, a contract, promise, undertaking or commitment to loan
money secured soley by residential property consisting of one to four
dwelling units shall be deemed to be for personal, family, or household
purposes.
This section does not apply to leases subject to Division 10
(commencing with Section 10101) of the Commercial Code.