Nevada Revised Statutes Section 104.1206 - Commercial Instruments and Transactions

Statute of frauds for kinds of personal property not otherwise covered.

1. Except in the cases described in subsection 2 of this section a contract for the sale of personal property is not enforceable by way of action or defense beyond $5,000 in amount or value of remedy unless there is some writing which indicates that a contract for sale has been made between the parties at a defined or stated price, reasonably identifies the subject matter, and is signed by the party against whom enforcement is sought or by his authorized agent.

2. Subsection 1 of this section does not apply to contracts for the sale of goods (NRS 104.2201) nor of securities (NRS 104.8113) nor to security agreements (NRS 104.9203).

Last modified: February 27, 2006