What does a signed agreement signify under the Statute of Frauds?

A signed agreement under the Statute of Frauds signifies a binding commitment of the party to be charged. The Statute of Frauds requires certain types of contracts to be in writing and signed in order to be enforceable. This requirement is intended to prevent fraud and misunderstandings by ensuring clear and tangible evidence of the agreement's terms.

When a party signs a written agreement, it demonstrates their intention to be bound by the terms as stated in that document. This is crucial in real estate transactions and other significant contracts, as it provides a level of security and clarity. The signature indicates that the individual has acknowledged the conditions of the agreement and agrees to fulfill their part, thus creating legal obligations that can be enforced in a court of law.

The other context provided by the options is not accurate within the framework of the Statute of Frauds. For instance, the Statute does not validate oral discussions, allow for the transfer of rights without documentation, or specifically address proof of property boundary disputes. Its primary purpose is focused on ensuring that certain contracts are formally documented to prevent later disputes regarding their validity.