Allan and Nora enter into an oral agreement for the sale of Allan's land to Nora for a price to be decided on later,and Allan sends Nora a written memorandum setting this out.In the memorandum Allan goes on to state that settling on the price of the land is very important.In a lawsuit by Nora to get the land
A)Nora will succeed on a quantum meruit basis.
B)Nora will not succeed since the memorandum is not sufficient compliance with the Statute of Frauds.
C)Nora will not succeed since the essential terms of the contract are not present.
D)Nora will succeed since the essential terms of the contract are present.
E)Nora will succeed since the memorandum is sufficient compliance with the Statute of Frauds.

Question

Quizplus · Accepted Answer

Contracts for the sale of land must comply with the Statute of Frauds, which requires that certain contracts be in writing and signed by the party against whom enforcement is sought. A key requirement is that the writing must include all essential terms of the agreement, such as the parties involved, the subject matter, and the price or a clear method for determining the price. In this case, since the price was to be decided later and was not determined at the time of the agreement, an essential term of the contract is missing. Therefore, the contract does not meet the requirements of the Statute of Frauds.

Allan and Nora Enter into an Oral Agreement for the Sale