Indiana § 26-1-1-206 Statute of frauds for kinds of personal property not otherwise covered

Indiana Statutes

§ 26-1-1-206 — Statute of frauds for kinds of personal property not otherwise covered

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 1 General Provisions

(1)Except in the cases described in subsection (2), a contract for the sale of personal property is not enforceable by way of action or defense beyond five thousand dollars ($5,000) in amount or value of remedy unless there is some writing which indicates that a contract for sale has been made between the parties at a defined or stated price, reasonably identifies the subject matter, and is signed by the party against whom enforcement is sought or by his authorized agent.

(2)Subsection (1) does not apply to contracts for the sale of goods (IC 26-1-2-201) nor to security agreements (IC 26-1-9.1-201). Formerly: Acts 1963, c.317, s.1-206. As amended by P.L.152-1986, SEC.118; P.L.247-1995, SEC.2; P.L.57-2000, SEC.13.

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(1) Except in the cases described in
subsection (2), a contract for the sale of personal property is not
enforceable by way of action or defense beyond five thousand dollars
($5,000) in amount or value of remedy unless there is some writing
which indicates that a contract for sale has been made between the
parties at a defined or stated price, reasonably identifies the subject
matter, and is signed by the party against whom enforcement is sought
or by his authorized agent.
(2) Subsection (1) does not apply to contracts for the sale of goods
(IC 26-1-2-201) nor to security agreements (IC 26-1-9.1-201).
Formerly: Acts 1963, c.317, s.1-206. As amended by
P.L.152-1986, SEC.118; P.L.247-1995, SEC.2; P.L.57-2000,
SEC.13.

Indiana § 26-1-1-206 (Statute of frauds for kinds of personal property not otherwise covered) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.