Contracts in Writing

Contracts in Writing - Contracts in Writing Statute of...

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Unformatted text preview: Contracts in Writing Statute of Frauds Best Practices Rule under the Statute of Frauds Terminology Within the statute Outside the statute Statute of Frauds is a defense to enforcement of some contracts Uniform Electronic Transactions Act (UETA) Electronic Signatures in Global and National commerce Act (E-Sign) Statute of Frauds Contracts within the Statute of Frauds Contracts for sale of land or involving an interest in land  Partial Performance Exception (paid part or all of purchase price, took possession of land, and made improvements to land) Contracts that cannot possibly be performed in one year  One year period begins to run when contract is made  Possibility Test Promises of an executor or administrator to pay a debt of the estate personally Promises to answer for the debt or duty of another (Suretyship provision)  Main Purpose Doctrine (Exception) Promises made in consideration of marriage (not a promise to marry) Statute of Frauds Contracts for Sale of Goods for $500 or more (UCC Provision) Exceptions  Admission  Specially Manufactured Goods  Partial Performance Modification of contracts within the Statute of Frauds Statute of Frauds...
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This note was uploaded on 08/22/2009 for the course BL 3305 taught by Professor Nunley during the Spring '09 term at Baylor.

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Contracts in Writing - Contracts in Writing Statute of...

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