LAW 506-002 – Contracts II
Restatement Second of Contracts § 130
Contract Not to Be Performed Within a Year
- Where any promise in a contract cannot be fully performed within a year from the time the contract is made, all promises in the contract are within the Statute of Frauds until one party to the contract completes his performance.
- When one party to a contract has completed his performance, the one-year provision of the Statute does not prevent enforcement of the promises of other parties.