3) SOF Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

general enforceability rule, rship to SOF

A

oral and written ks equally enforceable. SOF = an exception (if SOF applies needs to be written)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

SOF: rule (CL)

A

1) if K falls under the SOF, then
2) must be in writing AND
3) signed by party against whom enforcement is sought

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

types of ks that fall under SOF

A

(MYLEGS):

1) Marriage
2) Year (performance can’t be completed w/in 1 year of formation)
3) Land (sale of)
4) Executor making k
5) Guaranty or surety (like cosigner)
6) Sale of goods $500 or more: UCC 2-201

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

SOF: year: when do we measure it from?

A

date k formed, NOT date performance started

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

SOF: year: what if unlikely to complete performance in a year?

A

if it’s possible at all, AT THE POINT OF FORMATION, then 1 year not triggered/SOF does not apply. Even if highly unlikely to complete performance in a year

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

SOF: year: measured from when?

A

time of formation, NOT time of dispute (so maybe you know now it wasn’t possible to do in a year but when made k it was possible. 1 year not triggered/SOF does not apply

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

SOF: year: k can be breached or excused w/in a year of formation

A

does NOT trigger SOF (this is all ks!)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

SOF: year: exception

A

lifetime or permanent contract of employment does not trigger SOF

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

lifetime/permanent contract of employment

A

does not trigger SOF, bc ee could die w/in 1 year

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

guaranty: exception

A

main purpose doctrine

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

main purpose doctrine

A

if main purpose of grantor is to protect HIS OWN ECONOMIC INTEREST, then SOF not triggered

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

writing requirement: timing

A

writing can be before (like written offer), during, or after formation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

writing requirement: to who?

A

to anyone! inc em to mom who’s not in the k

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

writing: must include (CL)

A

1) identity of parties
2) nature/subject of k
3) essential terms (ex. price, date)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

signature: whose?

A

person you’re trying to enforce against

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

signature: what?

A

any symbol w intent to authenticate

17
Q

SOF EXCEPTION (CL)

A

performance:

1) in an action for specific performance
2) where SOF was required, but there is no signed writing
3) SOF can sometimes be satisfied by PART PERFORMANCE (also evidence of there being a deal)

18
Q

SOF performance exception: land (CL)

A

Need 2+ of these (to get to enforceability):

1) payment of all or part of purchase price
2) taking possession of land
3) making substantial improvements to property

19
Q

SOF performance exception: year (CL)

A

need FULL performance (not just partial) (to get to enforceability)

20
Q

SOF required/not met: result

A

k not enforceable (defense in suit)

21
Q

SOF UCC: what types of UCC ks fall under SOF?

A

Ks for sale of goods for price of $500 or more

22
Q

SOF UCC: rule

A

1) if falls under UCC
2) written agreement
3) QUANTITY
4) signed by party against whom enforcement sought

23
Q

SOF UCC: writing must contain

A

quantity!

24
Q

SOF UCC: exceptions (and result)

A

other ways to get k enforced even if no signed writing:

1) merchant’s confirmation
2) judicial admission
3) partial performance
4) specially manufactured goods

25
Q

SOF UCC merchants confirmation: elements and result

A

1) both parties are merchants
2) writing is in confirmation of k
3) writing inc quantity
4) recipient does not send written objection w/in 10 days

result: enforceable against recipient too (not just signer)

26
Q

SOF UCC judicial admission: def

A

party admits k formation in pleading/tmony/etc

27
Q

SOF UCC partial performance: def

A

enforceable if:

1) payment made AND accepted, or
2) goods sent AND accepted (both parties must act)

28
Q

SOF partial performance: UCC vs CL

A

CL: part performance = for land need 2/3, for 1 year need FULL performance

UCC: actions by both parties: payment made+accepted or goods sent+accepted

29
Q

SOF UCC specially manufactured goods: def

A

1) SOF satisfied against BUYER of CUSTOM goods if:
2) manufacturer detrimentally relied by beginning performance before buyer’s withdrawal AND
3) can’t resell goods in ordinary course of business

30
Q

is price term required under sof?

A

at CL generally yes

ucc: no!

31
Q

is quantity term required under sof?

A

at CL no

ucc: yes