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Restatement Second of Contracts § 131 – Contracts II Outline

Contracts II

Restatement Second of Contracts § 131


Restatement Second of Contracts § 131

General Requisites of a Memorandum

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Unless additional requirements are prescribed by the particular statute, a contract within the Statute of Frauds is enforceable if it is evidenced by any writing, signed by or on behalf of the party to be charged, which

  1. reasonably identifies the subject matter of the contract,
  2. is sufficient to indicate that a contract with respect thereto has been made between the parties or offered by the signer to the other party, and
  3. states with reasonable certainty the essential terms of the unperformed promises in the contract.
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