This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
While realty bought with partnership funds is treated for some purposes as personalty, a contract to convey an interest therein is within the statute.1 However a contract to take a new partner into a firm which owns realty has been held not to be within the statute.2
 
Continue to: