THE STATUTE OF FRAUDS. O 



tion. The language of the ITtli section is as 

 follows: — 



"And bo it enacted that from and after the said 1 7th sec- 

 four and twentieth day of June [a.d. 1G77], no statute of 

 contract for the sale of any goods, wares or mer- 

 chandize for the price of ten pounds sterling or 

 upwards, sliall be allowed to be good, except the 

 buyer shall accept part of the goods so sold, and 

 actually receive the same, or give something in 

 earnest to bind the bargain, or in jiart payment ; 

 or that some note or memorandum in ■vsTiting of 

 the said bargain be made and signed by the parties 

 to be charged by such contract, or thcii' agents 

 thereunto lawfully authorized." 



The word " price," mentioned in the original 

 statute, should now be read "value." See Geo. 

 4, c. 14, s. 7, and the decision in Scott v. Eastern 

 Counties llailiray Company [a). 



On examining the above section, it will be seen 

 that a contract for goods above the value of 10/. 

 shall not be held to be good, except — 



(1.) The buyer shall accept part of the goods so Requisites 

 sold, and actually receive the same; sectiou of 



(2.) Or give something in earnest to bind the Frauds. °^ 

 bargain, or in pai"t payment ; 



(-3.) Or that some note or memorandum in 

 WTiting of the said bargain be made and 



(<7) 12 :^r. & w. 33. 



