Iowa Code 554.8113 – Statute of frauds inapplicable
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 554.8113
- Contract: means the same as defined in section 554D. See Iowa Code 554E.1
- Contract: A legal written agreement that becomes binding when signed.
- Record: means the same as defined in section 554D. See Iowa Code 554E.1
- Sale: means any sale, offer for sale, or attempt to sell or lease any land, to the public in this state, for cash or on credit. See Iowa Code 543C.1
- year: means twelve consecutive months. See Iowa Code 4.1
A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making.