Business Law Ch15

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An oral contract for a sale of land may be enforceable if the contract has been partially per¬formed.

A contract that by its own terms cannot be performed within a year must be in writing to be enforceable.

A contract involving a lease is the only contract relating to an interest in land that must be in writing to be enforceable.

MMI and NFC discuss the terms of a contract. MMI faxes NFC a memo with MMI letterhead that summarizes the items on which they agreed including a two-year term. Macro begins, but NFC refuses to pay. The transaction falls within...

Between MMI and NFC, there is

There are no exceptions to the Statute of Frauds.

If a contract to do something in certain intervals over a period of less than one year is not in writing, it is not enforceable.

Under the Statute of Frauds, any contract that is not in writing is void.