Clapper...your question requires a very lengthy answer......when you refer to SP...that too is lengthy.....is there a contract, is it a lawful contract...can it be performed...all this is far to extensive for a short answer....a contract for sale is generally governed by the Uniform Commercial Code.( UCC).adopted by all states...I think...but the common law also applies....if there is a meeting of the minds, and consideration ...generally you have an enforceable contract.....even a hand shake....but the Statute of Frauds may require a contact to be in writing based on those rules.....
Last edited by Condor; 01/22/14 11:11 AM.
