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25-207. Actions for trespass, conversion, other torts, and frauds; exceptions.
The elements of fraud are (1) that a representation was made; (2) that the representation was false; (3) that when made, the representation was known to be false or made recklessly without knowledge of its truth and as a positive asser- tion; (4) that it was made with the intention that the plaintiff should rely upon ...
Usually, the misrepresentation must be an affirmation of a fact. Statements regarding opinion are usually NOT actionable. Stating a belief or suspicion can seldom result in liability for fraud even if you misstate your actual opinion.
The elements of a cause of action for breach of contract are (1) the existence of a promise; (2) a breach of that promise; (3) damage; and (4) the promisee's compliance with any conditions precedent.
Section 2-201 - Formal requirements; statute of frauds (1) Except as otherwise provided in this section a contract for the sale of goods for the price of five hundred dollars or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made ...