Tom and Jerry agreed orally that Tom would sell his condominium to Jerry. It was agreed that Jerry would pay Tom $1,000 per month for 8 years as well as paying property taxes and maintenance costs for the condominium. Four years into the arrangement, the condominium had increased in value significantly, and Tom wanted to rescind the oral agreement. What doctrine could be applied by a court to reach justice? Explain the doctrine.

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The Answer of Tom and Jerry agreed orally that Tom would sell his condominium to Jerry. It was agreed that Jerry would pay Tom $1,000 per month for 8 years as well as paying property taxes and maintenance costs for the condominium. Four years into the arrangement, the condominium had increased in value significantly, and Tom wanted to rescind the oral agreement. What doctrine could be applied by a court to reach justice? Explain the doctrine.

Tom and Jerry Agreed Orally That Tom Would Sell His