BLAW 3201 Chapter : Business Law Chapter 15
Document Summary
Chapter 15: contracts in writing: contracts that must be in writing. The ueta allows usage of an atm debit card: statute of frauds. If a contract is within the statute of frauds, it must be in writing. The written part of a agreement is required to enforce the agreement. Rule contract within the statue of frauds must be evidenced by a writing to be enforceable. Uniform electronic transactions act (ueta) gives full effect to electronic contracts by considering electronic records to fulfill the writing requirement. Suretyship provision applies to promises to pay the debts of others. The promise must be collateral promisor must be secondarily, not primarily, liable. Main purpose doctrine if primary object is to provide an economic benefit to the surety, then the promise is not within the statute. Executor administrator provision applies to promises to answer personally for duties of decedents.
