400.1-206. Statute of frauds for kinds of personal property not otherwise covered. - Missouri Statutes

Statute of frauds for kinds of personal property not otherwisecovered.

400.1-206. (1) Except in the cases described in subsection (2) ofthis section a contract for the sale of personal property is notenforceable by way of action or defense beyond five thousand dollars inamount or value of remedy unless there is some writing which indicates thata contract for sale has been made between the parties at a defined orstated price, reasonably identifies the subject matter, and is signed bythe party against whom enforcement is sought or by his authorized agent.

(2) Subsection (1) of this section does not apply to contracts forthe sale of goods (section 400.2-201) nor of securities (section 400.8-113)nor to security agreements (section 400.9-203).

(L. 1963 p. 503 § 1-206, A.L. 1997 S.B. 6)