A two-year commercial property lease must be in writing to be enforceable under the statute of frauds.
False
True
This statement is true. The statute of frauds requires certain agreements to be in writing to be enforceable, including leases of real property that exceed one year. Oral agreements for leases longer than one year would not satisfy the statute of frauds and therefore would be unenforceable. Agreements for leases of one year or less may fall outside the statute of frauds and do not necessarily require a writing.
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