True or False: Writing is a legal necessity for all contracts.

The assertion that writing is a legal necessity for all contracts is false. In Canadian law, many contracts can be formed and enforced without being written down. Oral contracts are generally valid and enforceable, provided that the parties involved can demonstrate mutual agreement on the terms.

However, there are specific contexts in which particular types of contracts must be in writing to be enforceable. For example, contracts pertaining to the sale of real estate, or those that cannot be performed within one year, do require written documentation according to the Statute of Frauds.

Thus, while certain contracts—like those involving significant value or real estate—do have specific legal requirements for writing, the general rule allows for oral agreements in many other situations, making the statement that all contracts must be written inaccurate.