Statute of Frauds Flashcards
1
Q
Falls within Statute of Frauds?
A
MYLEGS: marriage, contract over one year, land sale, executor, guarantee or surety, sale of goods over $500
2
Q
SOF Writing requirement
A
identity of the parties, nature/subject of the K, essential terms of agreement
3
Q
Part performance
A
need 2/3: take possession, make payment, make improvements
4
Q
5 ways to satisfy UCC SOF
A
Signed writing, merchant’s confirmation, judicial admission, partial performance, specially manufactured goods
