Uri and Vicky orally agree on the sale of Uri's Nite Club to Vicky and note terms on a pair of the Club's napkins,which they both sign.A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain

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A written memorandum evidencing an oral contract that would otherwise be unenforceable only needs to contain the essential terms of the contract, which are the basic terms that are necessary to identify the subject matter of the agreement and the parties involved. It does not need to contain every term or the preliminary or qualitative terms.

Uri and Vicky Orally Agree on the Sale of Uri's