In the presence of several witnesses,A verbally agreed to purchase B's farm for $175,000.The next day,B changed his mind,and refused to sell the farm to A.On the strength of the verbal agreement of purchase and sale made 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.If A had given B $10 in cash as a deposit the agreement would be enforceable.

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While a verbal agreement can be legally binding, in this case, a deposit of $10 would not make the agreement enforceable. The sale of real property (such as a farm) must be in writing to be enforceable under the Statute of Frauds. Therefore, the verbal agreement alone would not be enough to compel B to sell the farm to A.

In the Presence of Several Witnesses,A Verbally Agreed to Purchase