LAW 601 Lecture Notes - Lecture 56: Meeting Of The Minds
Document Summary
*writing protects party from falsely accusing one from ______ P at trial produces bishops say that they saw the two orally agree. Or, d gets on stand, says he made the contract but didn"t write it he gets out of it: statute for the perpetration of frauds. *it"s not the writing that makes the contract! Consideration, bargain for exchange, definite terms, etc are still necessary!!!! Contracts within the statute, the statute just adds another term on top of other terms in order to make the contract enforceable! The promise or agreement or some memorandum or note thereof, shall be in writing, signed by party to be charged. ---original language of sof: only has to be signed by the defendant. Contract may be enforceable only against one party who has signed it: courts have been liberal in what will satisfy writing requirement.
