Under New York Statute of Frauds, which contract type requires a writing?

• A. Promise to pay a discharged debt
• B. Lease of goods over 1k
• C. Assignments of insurance policies
• D. Finder's fee or broker commission (no atty or real estate agents)

Answer: (B)

Under the New York Statute of Frauds, certain contracts must be in writing to be enforceable. For leases of goods, the writing requirement kicks in when the total payments to be made under the lease exceed a threshold—specifically, over $1,000. This rule comes from the UCC provisions carried into New York law, which aim to prevent disputes over long-term or high-value leasing arrangements that might otherwise be unenforceable if they were only oral.

So a lease of goods with payments totaling more than $1,000 must be memorialized in a signed writing to be enforceable. The other options don’t meet this particular threshold category under the Statute of Frauds, which is why they aren’t the correct fit for a writing requirement in this scenario.