O_-_WRITING

O_-_WRITING - CHAPTER 16 Writing A verbal contract isnt...

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Writing P A E T R H C 16 “A verbal contract isn’t worth the paper it’s written on.” Samuel Goldwyn, quoted in The Great Goldwyn (Alva Johnson, 1937)
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CONTRACT LAW Introduction to Contracts The Agreement: Offer The Agreement: Acceptance Consideration Reality of Consent Capacity to Contract Illegality Writing Rights of Third Parties Performance & Remedies
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Learning Objectives significance of a written contract Statute of Frauds requirements contracts within the Statute of Frauds UCC & the Statute of Frauds
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GENERAL RULE: oral contracts are enforceable EXCEPTION: Statute of Frauds Basics
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the Statute of Frauds was enacted in 17 th Century England to prevent fraud by requiring written evidence before enforcing certain types of contracts American states adopted similar statutes THE STATUTE OF FRAUDS House of Lords, England
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1. Collateral contracts 2. Contracts for real estate 3. Contracts for more than one year
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This note was uploaded on 02/02/2012 for the course BMGT 380 taught by Professor Mark during the Spring '08 term at Maryland.

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O_-_WRITING - CHAPTER 16 Writing A verbal contract isnt...

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