Statute Of Frauds Flashcards
1
Q
Who signs ?
A
A writing signed against the party to be discharged they must have singed it
A contract subject to the Statute Of Frauds such as a contract for the sale of land , must be in writing and signed by the party against who enforcement is sought (if SOF is unenforceable then no damages)
2
Q
MY LEGS
A
Marriages, Year Contracts (over a year must be in writing), Land Sales, Executors, Goods over $500 and Surety
3
Q
Essay Attack
A
- Determine whether the Statute of Frauds applies to the contract.( MYLEGS)
- Analyze whether the Statute of Frauds requirements are met. Has the Statute of Frauds been satisfied? Writing signed by the party who enforcement is discharged against
- If the requirements are not met. Do any exceptions apply?