BLW 1001 Lecture Notes - Lecture 16: Bankruptcy Discharge, Oral Contract, Quasi-Contract
6 Feb 2017
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Chapter 16: the form and meaning of contracts. Statute of frauds: in some cases, the law requires contracts to be written. Oral contracts can sometimes be enforced, but not if the statute of frauds applies and requires a written contract to prove there is an agreement. Contracts for the transfer of an interest in land. Contracts by the executor or administrator of a deceased person"s estate to be personally liable for a debt of the deceased person. Contracts by one person to answer for the debtor default of another person. Bilateral contracts that have not been fully performed by either party and that are not capable of being performed within a year of their formation. The ucc requires contracts for the sale of goods totaled at or more to be in writing. Most states require contracts reaffirming debts barred by bankruptcy discharge or statute of limitations to be in writing. Contracts for real estate commission must be in writing.
