L S 3323 Study Guide - Final Guide: Unconscionability, Oral Contract, Final Good

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Contracts that must be evidenced by a signed writing: !! Contracts for sale of an interest in real property (land sales) Contracts that cannot be performed in one year (one year rule) Contracts for the sale of goods for or more (ucc 2-201) Contracts for the sale of intellectual property for or more (ucc 1-206) Contracts to answer for the debt of another (surety agreements) Contracts for the sale of an interest in real property. This is in the statute of frauds . Rights to come upon property (e. g. to extract minerals) fall within the statute. Leases as well, but sometimes not short-term ones. An oral contract to sell an interest in land that has been either fully performed by the seller or partly performed by the buyer is outside the statute of frauds. Contracts that cannot be performed within one year. Measuring the one-year timeframe contract could be fully performed.

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