Under the NY Statute of Frauds, which lease must be in writing?

Prepare for the New York Multistate Bar Exam with comprehensive study resources. Access multiple-choice questions, detailed explanations, and exam tips to boost your preparation and confidence.

Multiple Choice

Under the NY Statute of Frauds, which lease must be in writing?

Explanation:
Under NY law, leases of goods under the UCC’s lease provisions (Article 2A) must be in writing if the term is longer than one year. A fifteen-month lease clearly spans more than one year, so it must be in writing to be enforceable. A nine-month lease is within one year, so writing isn’t required. A one-month lease of services isn’t a lease of goods, so the UCC rule doesn’t apply. A two-year lease of real estate falls under real property rules, which have their own writing requirements; however, the option that directly falls under the goods lease SoF is the fifteen-month lease of goods.

Under NY law, leases of goods under the UCC’s lease provisions (Article 2A) must be in writing if the term is longer than one year. A fifteen-month lease clearly spans more than one year, so it must be in writing to be enforceable. A nine-month lease is within one year, so writing isn’t required. A one-month lease of services isn’t a lease of goods, so the UCC rule doesn’t apply. A two-year lease of real estate falls under real property rules, which have their own writing requirements; however, the option that directly falls under the goods lease SoF is the fifteen-month lease of goods.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy