LEGL 020 Lecture Notes - Lecture 32: Contract
31 May 2017
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Statute of fraud when is required is always about evidence whether a contract was made and exist. Sometimes provide evidence in a written form and has limited ability. The person who is writing the contract does not have to sign it, but the person who is buying has (person who is buying can be sued but the person who wrote it can"t) In essence, it is sufficient signed writing requirement. Specific sense of the timing of performance it can"t just be just casual writing, and must have substance of the content must be sufficient and signed so you can use it in court. Bilateral contract promise for a promise. Unilateral contract all contracts are mutual, but offers promise for an act not a promise for a promise, it only becomes a contract if the act takes place. In an executed contract all obligations of the parties were completed, but that"s no longer a contract at all.
