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.
ORS 78.1130
Known as the Uniform Commercial Code
The act spans §§ 78–78 (66 sections).
Applied in 1 court decision — leading case 241 Or. App. 255 - Yeoman v. PUBLIC SAFETY CENTER, INC. (2011)
Most recently applied in 241 Or. App. 255 - Yeoman v. PUBLIC SAFETY CENTER, INC. (March 2011)
1995 c.328 §13
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.