Professional Bull Riders, Inc. v. AutoZone, Inc.
Colorado Supreme Court
113 P.3d 757 (2005)
AutoZone (defendant) allegedly agreed orally to sponsor Professional Bull Riders (PBR) (plaintiff) events for a two-year term running through 2002, with an option to terminate after one year by providing written notice by a set date; after AutoZone gave notice it would not sponsor 2002 events, PBR sued for breach, and the district court granted AutoZone summary judgment, holding the two-year oral agreement unenforceable under Colorado's one-year statute-of-frauds provision.
Whether, where the terms of an oral agreement can fairly and reasonably be interpreted to define alternate methods of performance, one or more of which can be performed within one year, the agreement may be construed as capable of being performed within one year.