Statutes of Frauds

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Statutes of Frauds

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(b) a contract to answer for the duty of another (the suretyship provision); (c) a contract made upon consideration of marriage (the marriage provision) ... – PowerPoint PPT presentation

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Title: Statutes of Frauds


1
Part IV
  • Statutes of Frauds

2
R2  110. Classes of Contracts Covered
  • (1) The following classes of contracts may not
    be enforced unless there is a written memorandum
    or an applicable exception
  • (a) a contract of an executor or administrator
    to answer for a duty of his decedent (the
    executor-administrator provision)
  • (b) a contract to answer for the duty of another
    (the suretyship provision)
  • (c) a contract made upon consideration of
    marriage (the marriage provision)
  • (d) a contract for the sale of an interest in
    land (the land contract provision)
  • (e) a contract that is not to be performed
    within one year from the making thereof (the
    one-year provision).

3
R2  130. Contract Not to Be Performed Within a
Year
  • (1) Where any promise in a contract cannot be
    fully performed within a year from the time the
    contract is made, all promises in the contract
    are within the Statute of Frauds until one party
    to the contract completes his performance.
  • (2) When one party to a contract has completed
    his performance, the one-year provision of the
    Statute does not prevent enforcement of the
    promises of other parties.

4
R2  131. General Requisites of a Memorandum
  • Unless additional requirements are prescribed by
    the particular statute, a contract within the
    Statute of Frauds is enforceable if it is
    evidenced by any writing, signed by or on behalf
    of the party to be charged, which
  • (a) reasonably identifies the subject matter of
    the contract,
  • (b) is sufficient to indicate that a contract
    with respect thereto has been made between the
    parties or offered by the signer to the other
    party, and
  • (c) states with reasonable certainty the
    essential terms of the unperformed promises in
    the contract.

5
R2  132. Several Writings
  • The memorandum may consist of several writings if
    one of the writings is signed and the writings in
    the circumstances clearly indicate that they
    relate to the same transaction.

6
R2  134. Signature
  • The signature to a memorandum may be any symbol
    made or adopted with an intention, actual or
    apparent, to authenticate the writing as that of
    the signer.

7
UCC  2-201(1) General Requirements
  • Except as otherwise provided in this section, a
    contract for the sale of goods for the price of
    500 or more is not enforceable by way of action
    or defense unless there is some writing
    sufficient to indicate that a contract for sale
    has been made between the parties and signed by
    the party against whom enforcement is sought or
    by his authorized agent or broker. A writing is
    not insufficient because it omits or incorrectly
    states a term agreed upon, but the contract is
    not enforceable under this paragraph beyond the
    quantity of goods shown in such writing.

8
UCC  2-201(2) Merchants Confirmation Exception
  • Between merchants if within a reasonable time a
    writing in confirmation of the contract and
    sufficient against the sender is received and the
    party receiving it has reason to know its
    contents, it satisfies the requirements of
    subsection (1) against such party unless written
    notice of objection to its contents is given
    within 10 days after it is received.

9
UCC  2-201(3) Other Exceptions
  • A contract which does not satisfy the
    requirements of 2-201(1) but which is valid in
    other respects is enforceable
  • (a) if the goods are to be specially manufactured
    for the buyer and are not suitable for sale to
    others in the ordinary course of the sellers
    business and the seller, before notice of
    repudiation is received and under circumstances
    which reasonably indicate that the goods are for
    the buyer, has made either a substantial
    beginning of their manufacture or commitments for
    their procurement or
  • (b) if the party against whom enforcement is
    sought admits in his pleading, testimony, or
    otherwise in court that a contract for sale was
    made, but the contract is not enforceable under
    this provision beyond the quantity of goods
    admitted or
  • (c) with respect to goods for which payment has
    been made and accepted or which have been
    received and accepted (Sec. 2-606).

10
UETA  7. Legal Recognition of Electronic
Records, Signatures, and Contracts
  • A record or signature may not be denied legal
    effect or enforceability solely because it is in
    electronic form.
  • A contract may not be denied legal effect or
    enforceability solely because an electronic
    record was used in its formation.
  • If a law requires a record to be in writing, an
    electronic record satisfies the law.
  • If a law requires a signature, an electronic
    signature satisfies the law.

11
Scope of UETA ( 3)
  • (a) Except as otherwise provided in Subsection
    (b), UETA applies to electronic records and
    electronic signatures relating to a transaction.
  • (b) UETA does not apply to a transaction to the
    extent it is governed by
  • (2) the Uniform Commercial Code, other than
    Sections 1-107 and 1-206 and Chapters 2 and 2A.

12
Scope of UETA ( 3)
  • (c) UETA applies to an electronic record or
    electronic signature otherwise excluded from the
    application of this chapter under Subsection (b)
    when used for a transaction subject to a law
    other than those specified in Subsection (b).
  • (d) A transaction subject to UETA is also
    subject to other applicable substantive law.

13
Opting In to UETA ( 5)
  • (b) UETA applies only to transactions between
    parties each of which has agreed to conduct
    transactions by electronic means. Whether the
    parties agree to conduct a transaction by
    electronic means is determined from the context
    and surrounding circumstances, including the
    parties conduct.
  • (c) A party that agrees to conduct a transaction
    by electronic means may refuse to conduct other
    transactions by electronic means. The right
    granted by this division may not be waived by
    agreement.

14
CISG art. 11
  • A contract of sale need not be concluded in or
    evidenced by writing and is not subject to any
    other requirement as to form.
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