A couple of law students I know are taking contracts and stated that when a person writes out a personal check, signs and dates it and hands it over for the item that they want to purchase (over $500, like a stereo system), it is enough to satisfy the Statute of Frauds in case of a default.
I always believed that Personal checks and things like promissory notes were governed under Article 3 of the UCC which has its own rules in dealing with defaults on checks and such?
Any ideas?
Thanks