BUS 205 Lecture Notes - Lecture 53: Oral Contract, Parol Evidence Rule, W. M. Keck Observatory
Document Summary
A plaintiff may not enforce any of the following agreements unless the agreement is in writing and signed by the defendant. For the sale of goods worth or more. Once a contract is fully executed it makes no difference that it is unwritten. *the point of this is to prevent fraud (lying) in contract lawsuits. A contract for the sale of any interest in land must be in writing to be enforceable. If the seller completely performs her side of a contract for an interest in land, a court is likely to enforce the agreement, even if it was oral. The buyer of the land may be able to enforce an oral contract if she paid part of the purchase price and either entered upon the land or made improvements to it. Agreements that cannot be performed within one year. Promise made by an executor of an estate.
