Alabama § 7-8-113 - Statute of Frauds Inapplicable.
Full text of Alabama Code of Alabama § 7-8-113 — Statute of Frauds Inapplicable., with citation guidance and answers to common questions.
§ 7-8-113. Statute of Frauds Inapplicable.
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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-8-113
What does Code of Alabama § 7-8-113 cover?
Section 7-8-113 ("Statute of Frauds Inapplicable.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-8-113?
A common citation format is "Code of Alabama § 7-8-113" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-8-113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.