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Current as of January 01, 2025 | Updated by Findlaw Staff
Every contract, not in writing, made in respect to real estate or goods and chattels in consideration of marriage, or made for the conveyance or sale of real estate, or a term therein of more than five years, and, except as otherwise provided in § 8.2-402 of the Uniform Commercial Code, every bill of sale or contract for the sale of goods and chattels when the possession is allowed to remain with the seller, shall be void, both at law and in equity, as to purchasers for value and without notice and creditors; provided, however, that if any such contract or bill of sale as is mentioned in this section creates a security interest as defined in the Uniform Commercial Code, its validity and enforceability shall be governed by the provisions of that Code.
Cite this article: FindLaw.com - Virginia Code Title 11. Contracts § 11-1. Certain contracts void as to creditors and purchasers unless in writing; law governing validity of contracts creating security interests - last updated January 01, 2025 | https://codes.findlaw.com/va/title-11-contracts/va-code-sect-11-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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