ch 14 - Chapter 14 Statute of frauds- a statute that...

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Chapter 14 Statute of frauds- a statute that requires certain types of contracts to be in writing. Contracts that must be in writing- 1. contracts involving interests in land 2.one year rule 3. collateral contract 4. promises made in consideration of marriages 5.sale of goods more than 500$ 6.real estate 7. finders fee contracts 8.promises to write a will Real property- the land itself, as well as buildings, trees, soil, minerals, timber, plants, crops, and other things permanently affixed to the land. Mortgage- an interest in real property given to a lender as security for the repayment of the loan. Lease- the transfer of the right to use real property for a specific period of time. Life estate- an interest in land for a persons lifetime; upon that persons death the interest will be transferred to another party. Easement- a right to use someone else’s land without owning or leasing it. Part performance- an equitable doctrine that allows the court to order an oral contract for
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This note was uploaded on 06/29/2008 for the course BUS LAW 2301 taught by Professor Villareal during the Spring '08 term at Dallas Colleges.

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ch 14 - Chapter 14 Statute of frauds- a statute that...

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