Pennsylvania Act 1927-475 — UNIFORM WRITTEN OBLIGATIONS ACT

Act text

"UNIFORM WRITTEN OBLIGATIONS ACT"
                  Act of May 13, 1927, P.L. 985, No. 475              Cl. 12
                                  AN ACT

     To validate certain written transactions without consideration,
        and to make uniform the law relating thereto.

        Section 1.  Be it enacted, &c., That a written release or
     promise, hereafter made and signed by the person releasing or
     promising, shall not be invalid or unenforceable for lack of
     consideration, if the writing also contains an additional
     express statement, in any form of language, that the signer
     intends to be legally bound.
        Section 2.  Uniformity of Interpretation.--This act shall be
     so interpreted and construed as to effectuate its general
     purpose to make uniform the law of those states which enact it.
        Section 3.  Short Title.--This act may be cited as the
     Uniform Written Obligations Act.