How many elements are involved in the CMYLEGS Statute of Frauds?

The CMYLEGS acronym is used to help remember the elements that fall under the Statute of Frauds, which requires certain types of contracts to be in writing to be enforceable. Each letter of CMYLEGS represents a category of contracts that must comply with this requirement.

The elements represented in CMYLEGS are:

• C: Contracts for the sale of goods priced at $500 or more

• M: Contracts that cannot be performed within one year

• Y: Contracts for the sale of land

• L: Contracts made in consideration of marriage

• E: Contracts for the sale of executors of estates

• G: Contracts for the guarantee of another's debt

• S: Contracts that involve the statute of frauds

Counting these categories, we find that there are indeed six elements included in the CMYLEGS framework. Therefore, the correct answer is that six elements are involved in the CMYLEGS Statute of Frauds.