Statute of Frauds Flashcards
1
Q
Types of contract
A
Sale of goods- governed by UCC
Sale of Services and sale of land- governed by common law
2
Q
What does 2-201 cover?
A
The statute of frauds…
A writing signed by a person against who enforcement is being sought is evidence of a contract.
General rule under this is a sale of goods for $500 or more should be in writing
3
Q
Requirements under 2-201
A
- If $500 or more
- SOME writing
- signed vs whom enforcement is sought.
- contain the quantity of the goods
4
Q
2-201(2) Merchant Exception
A
Merchant exception:
- if the party later sends writing and the recipient has reason to know its contents it satisfies the requirement unless written notice of objection to its contents is given within 10days after receipt.
5
Q
Other 2-201 Exceptions
A
- Specially manufactured goods
- party against whom enforcement is sought admits in his pleading
- with respect to goods for which £ has been made
6
Q
A
