2.201 – FORMAL REQUIREMENTS; STATUTE OF FRAUDS. (a)
Texas Business and Commerce Code § 2.201
Summary
This law establishes that contracts for the sale of goods priced at $500 or more must be in writing to be enforceable. It applies to parties involved in such sales, requiring a signature from the party against whom enforcement is sought or their authorized representative.
Contracts over $500 must be in writing to be enforceable.
Signature required from the party against whom enforcement is sought.
Omissions or incorrect terms do not invalidate the writing.
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In simple terms: Learn about Texas's FORMAL REQUIREMENTS; STATUTE OF FRAUDS. (a) law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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