Statute of Frauds (SOF)

Question 1

SOF

Answer 1

If the contract falls under the SOF it must be in writing and signed by party against whom enforcement is sought

Question 2

Categories of Contracts Subject to SOF

Answer 2

6 categories governed by the SOF = MYLEGS

1. Marriage K’s
2. Ks that can’t be performed within one Year of their making
3. Ks for the sale of Land
4. Ks of an Executor or administrator to answer for a duty of a decedent
5. Ks of Gaurantee or suretyship
6. K’s for the sale of goods at a price of 500 or more