371.010 Statute of frauds -- Contracts to be written.

315 words·~1 min read·/ky/chapter-371/371-010

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No action shall be brought to charge any person:

(1)For any representation or assurance concerning the character, conduct, credit,

ability, trade, or dealings of another, made with intent that such other may obtain

thereby credit, money, or goods;

(2)Upon any promise to pay a debt contracted during infancy, or any ratification of a

contract or promise made during infancy;

(3)Upon any promise of a personal representative as such to answer any liability of his

decedent out of his own estate;

(4)Upon any promise to answer for the debt, default, or misdoing of another;

(5)Upon any agreement made in consideration of marriage, except mutual promises to

marry;

(6)Upon any contract for the sale of real estate, or any lease thereof for longer than one

year;

(7)Upon any agreement that is not to be performed within one year from the making

thereof;

(8)Upon any promise, agreement, or contract for any commission or compensation for

the sale or lease of any real estate or for assisting another in the sale or lease of any

real estate; or

(9)Upon any promise, contract, agreement, undertaking, or commitment to loan

money, to grant, extend, or renew credit, or make any financial accommodation to

establish or assist a business enterprise or an existing business enterprise including,

but not limited to the purchase of realty or real property, but this subsection shall

not apply to agreements pursuant to which credit is extended by means of a credit

card or similar device, or to consumer credit transactions; unless the promise, contract, agreement, representation, assurance, or ratification, or some memorandum or note thereof, be in writing and signed by the party to be charged therewith, or by his authorized agent. It shall not be necessary to express the consideration in the writing, but it may be proved when necessary or disproved by parol or other evidence.