Statute of Frauds

Question 1

SoF One Year

Answer 1

Contract that by its terms cant be performed within one year from its making
Starts day after contract is made
Question is: whether there is no possible way for the contract to be performed within one year

Question 2

SoF Real Property

Answer 2

Contract for sale of an interest in real property

Only those contracts that transfer an interest

Question 3

SoF signed writing generally

Answer 3

Must show:
1. A contract was formed; and
2. Requisite Terms:
show that a contract was formed; identify parties; contain essential elements of deal; signature against whom its being enforced

Question 4

SoF signed writing for goods

Answer 4

1. Identifies Parties
2. Contain quantity term; and
3. Be signed by the party to be charged
   no need to mention price
   If wrong quantity written down, the contract is enforceable for quantity mentioned in writing

Question 5

SoF Performance

Service (one year)

Answer 5

Full performance by one party = satisfaction

Part performance doesnt count

Question 6

SoF Performance

Real estate

Answer 6

Full performance by seller = satisfaction

Partial performance if two of the following met: payment, possession; improvements