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§ 11-2A-201 - Statute of frauds

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O.C.G.A.11-2A-201 (2010) 11-2A-201.Statute of frauds. (1)A lease contract is not enforceable by way of action or defense unless:(a)Thetotal payments to be made under the lease contract, excluding paymentsfor options to renew or buy, are less than $1,000; or(b)Thereis a writing, signed by the party against whom enforcement is sought orby that party's authorized agent, sufficient to indicate that a leasecontract has been made between the parties and to describe the goodsleased and the lease term.(2)Anydescription of leased goods or of the lease term is sufficient andsatisfies subsection (1)(b), whether or not it is specific, if itreasonably identifies what is described.(3)Awriting is not insufficient because it omits or incorrectly states aterm agreed upon, but the lease contract is not enforceable undersubsection (1)(b) beyond the lease term and the quantity of goods shownin the writing.(4)A lease contract thatdoes not satisfy the requirements of subsection (1), but which is validin other respects, is enforceable:(a)Ifthe goods are to be specially manufactured or obtained for the lesseeand are not suitable for lease or sale to others in the ordinary courseof the lessor's business, and the lessor, before notice of repudiationis received and under circumstances that reasonably indicate that thegoods are for the lessee, has made either a substantial beginning oftheir manufacture or commitments for their procurement;(b)Ifthe party against whom enforcement is sought admits in that party'spleading, testimony or otherwise in court that a lease contract wasmade, but the lease contract is not enforceable under this provisionbeyond the quantity of goods admitted; or(c)With respect to goods that have been received and accepted by the lessee.(5)The lease term under a lease contract referred to in subsection (4) is:(a)Ifthere is a writing signed by the party against whom enforcement issought or by that party's authorized agent specifying the lease term,the term so specified;(b)If the partyagainst whom enforcement is sought admits in that party's pleading,testimony, or otherwise in court a lease term, the term so admitted; or(c)A reasonable lease term.
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  • O.C.G.A. 11-2A-201 (2010)
    11-2A-201. Statute of frauds.


    (1) A lease contract is not enforceable by way of action or defense unless:

    (a) The total payments to be made under the lease contract, excluding payments for options to renew or buy, are less than $1,000; or

    (b) There is a writing, signed by the party against whom enforcement is sought or by that party's authorized agent, sufficient to indicate that a lease contract has been made between the parties and to describe the goods leased and the lease term.

    (2) Any description of leased goods or of the lease term is sufficient and satisfies subsection (1)(b), whether or not it is specific, if it reasonably identifies what is described.

    (3) A writing is not insufficient because it omits or incorrectly states a term agreed upon, but the lease contract is not enforceable under subsection (1)(b) beyond the lease term and the quantity of goods shown in the writing.

    (4) A lease contract that does not satisfy the requirements of subsection (1), but which is valid in other respects, is enforceable:

    (a) If the goods are to be specially manufactured or obtained for the lessee and are not suitable for lease or sale to others in the ordinary course of the lessor's business, and the lessor, before notice of repudiation is received and under circumstances that reasonably indicate that the goods are for the lessee, has made either a substantial beginning of their manufacture or commitments for their procurement;

    (b) If the party against whom enforcement is sought admits in that party's pleading, testimony or otherwise in court that a lease contract was made, but the lease contract is not enforceable under this provision beyond the quantity of goods admitted; or

    (c) With respect to goods that have been received and accepted by the lessee.

    (5) The lease term under a lease contract referred to in subsection (4) is:

    (a) If there is a writing signed by the party against whom enforcement is sought or by that party's authorized agent specifying the lease term, the term so specified;

    (b) If the party against whom enforcement is sought admits in that party's pleading, testimony, or otherwise in court a lease term, the term so admitted; or

    (c) A reasonable lease term.

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