SOF

Question 1

Goods

Answer 1

Governed by the UCC
1. Writing required for $500 or more
2. Writing doesn’t need every single term but quantity is needed

3. Between two merchants ?
   - if yes 10-day memo rule could apply
   - other merchant has ten days to object to the writing

Question 2

UCC 2-201 Performance to fulfill SOF

Answer 2

Performance= # received + accepted
Admission in court
Written Confirmation (merchants)
Specially Manufactured Goods

Question 3

Performance to satisfy SOF

Answer 3

Services (1y)
Full performance by 1 party satisfies

Real Estate (Note* can get equitable relief NOT monetary)
Full performance by seller of land
or Payment, Possession, improvements (satisfy 2)

Goods see UCC 2-201 (PAWS)

Question 4

Steps for SOF Fact Pattern

Answer 4

Step 1: is the SOF Triggered
Marriage
ONE Year
UCC goods greater or equal 500
Suretyship
Executor
Real Estate
-Transfer, receive, create Note* Mortages, lease, easement and construction projects will probably be One Year arena

If SO

Step 2: Is the SOF satisfied
Signed Writing
(1) A K was formed AND
(2) The requested terms
of
Performance