In the presence of several witnesses, A verbally agreed to purchase B's farm for $25,000. The next day, B changed his mind and refused to sell the farm toA. On the strength of the verbal agreement of purchase and sale in the presence of witnesses, A sued B for breach of contract and for a decree of specific performance to compel B to sell him the farm.
A) The verbal agreement is valid and enforceable if the witnesses testify in court that an agreement of purchase and sale was made.
B) The verbal agreement is unenforceable.
C) The verbal agreement is void.
D) B may successfully plead the Statue of Frauds as a defence.
E) The verbal agreement is unenforceable and B may successfully plead the Statue of Frauds as a defence.
Correct Answer:
Verified
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