BSL 212 Lecture Notes - Lecture 15: Uniform Electronic Transactions Act, General Contractor, Oral Contract
2 Apr 2017
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Need it in written form or it is unenforceable. Statute of frauds: suretyship, executor/administrator, marriage, sale of re, not within a year, goods= or greater than . The surety gets nothing out of the deal so writing is required and the surety deserves a written contract. Exception: main purpose is self centered then no writing is required. Developer will hire general contractor and the general contractor needs subcontractor to install tile. If debtor fails to pay sc then the developer has to pay. They are doing service for developer so the developer is looking out for himself. Employer is debtor, clinic is creditor, and employee is the surety. Exec: doesn"t get much out of the deal. Contracts for the sale of real estate. Against seller if two things happen (need both) If contract allows it to be done in a year you don"t need a written contract.
