Wisconsin Statutes 408.113 – Statute of frauds inapplicable
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Terms Used In Wisconsin Statutes 408.113
- Contract: A legal written agreement that becomes binding when signed.
- Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
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.