Statute of Frauds

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6 Terms

1
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Is the contract subject to a statute of fraud?

Land Sale, suretyship, can’t be performed within one year, marriage, contracts by executors

2
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Is there sufficient writing to satisfy SOF?

Identify the subject matter of the contract

indicate that the parties actually formed a contract

include the essential terms of the contract, including the term allegedly breached and

be signed by the party against whom enforcement is sought

3
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Does an exception apply?

Full performance

Part performance

Complete performance

4
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Full performance

Applies when all parties fully perform all their obligations under the contract

5
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Part performance

only available for land sale contracts, asking for performance instead of monetary damages

6
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Complete performance

Only available for contracts that take longer than a year to perform

if any one party to a contract has completely performed all of their obligations under the contract, the contract can be enforced even if there is no writing