Practice point: A party's admission of the existence and essential terms of an oral
agreement is sufficient to take the agreement out of the statute of
frauds.
Student note: However, if the parties dispute the very terms
and conditions of the alleged oral agreement, the statute of frauds
applies.
Case: Camhi v. Tedesco Realty, LLC, NY Slip Op 02368 (2d Dept. 2013).
Here is the decision.
Tomorrow's issue: Legal malpractice.
