business 14.txt

state statute that requires certain types of contrac to be in writing

land itself, as well as buildings, trees, soil, minerals, timber, plants, crops, fixtures and other things permanently affixed to the land or buildings

an interest in real property given to a lender as security for the repayment of a loan.

transfer of the right to use real property for a specified period of time

interst in real property for a person's lifetime upon that person's death. the interest will be transferred to antoher party

right to use someone elses land without leasing it

executory contractthat cannot be performed by its own terms within one year of its formation must be in writing

a promise in which one person agrees to answer for the debts or duties of another person.

a person who agrees to pay a debt if the primary debtor does not

an exception to the statute of frauds which states that if the main purpose of a transaction and an oral collateral contract is to provide pecuniary benefit to the guarantor, the collateral contract does not have to be in writing to be enforced

a section of the uniform commercial code which states that sales contract for the sale of goods costing $500 or more must be in writing

section of uniform commercial code which states that lease contract involving payments of $1000 or mroe must be in writing

rule which says that agents contracts to sell property coverd by the statute of frauds must be in writing to be enforcable

equitable document that allows the court to order an oral contract for the sale of land or transfer of another interest in real property to be specifically performed if it has been partially performed and performance is neccisary to avoid injustice

combination of several writings to form a single contract

integration made by express reference in one document that refers to and incorporates another doc within it/

any oral or written words outside the four corners of a written contract

rule that says if a written contract is a complete and final statement of the parties agreement any prior or contemporaneous oral or written statements that alter contradict or are in additon to the term sof the written contract are inadmissible in court regarding a dispute over the contract

a clause in a contract that stipulates that it is a complete integration and the xclusive expression of the parties agreement