DEFENSES TO ENFORCING AK- GENUINENESS OF ASSENT - MEETING OF MINDS - UNILATERAL MISTAKE - MUTUAL...

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DEFENSES TO ENFORCING AK- GENUINENESS OF ASSENT - MEETING OF MINDS - UNILATERAL MISTAKE - MUTUAL MISTAKE - FRAUD - UNDUE INFLUENCE - DURESS- STATUTE OF FRAUDS - ASSIGNMENT WEEK # 10 PAROL (WORD) EVIDENCE RULE- 39 3/18/23 Stature of Frauds (Law of Frauds): This statute requires certain contracte to be in writing to be enforced, and therefore, cannot be done orally. The purpose is to be clear on the requirements of the contract as they may be complex. There are six well known contracts that fall under this category. Ex: Marriage 0 O Contracts longer than one year Estates (wills, trusts) Land (real estate) Guarantorlagreeing to pay for the debts of a third party) The sales of goods that exceed $500 Parol(word) Evidence Kule: An important rule in contracts where the written and signed contract is presumed to be the final agreement between the panties. Therefore, the purpose is so to prevermant prevent a party from introducing any written or oral statements that may contradict the final contract. In other Words, if it is not in the final agreement, it is inadmissible. DEFENSES TO ENFORCING AK- GENUINENESS OF ASSENT - MEETING OF MINDS - UNILATERAL MISTAKE - MUTUAL MISTAKE - FRAUD - UNDUE INFLUENCE - DURESS- STATUTE OF FRAUDS - ASSIGNMENT WEEK # 10 PAROL (WORD) EVIDENCE RULE- 39 3/18/23 Stature of Frauds (Law of Frauds): This statute requires certain contracte to be in writing to be enforced, and therefore, cannot be done orally. The purpose is to be clear on the requirements of the contract as they may be complex. There are six well known contracts that fall under this category. Ex: Marriage 0 O Contracts longer than one year Estates (wills, trusts) Land (real estate) Guarantorlagreeing to pay for the debts of a third party) The sales of goods that exceed $500 Parol(word) Evidence Kule: An important rule in contracts where the written and signed contract is presumed to be the final agreement between the panties. Therefore, the purpose is so to prevermant prevent a party from introducing any written or oral statements that may contradict the final contract. In other Words, if it is not in the final agreement, it is inadmissible.