Wilma tells Sidney that she will buy his house from him.Before any paperwork is signed,Sidney backs out of the deal.Wilma sues Sidney for breach of contract.What is Sidney's best defense?

Question

Quizplus · Accepted Answer

The contract is likely unenforceable as there was no written agreement and no consideration exchanged between the parties. In general, contracts for the sale of real property must be in writing to be enforceable under the statute of frauds. Without a written agreement, Wilma may have a difficult time proving the terms of the alleged contract and demonstrating that a binding agreement existed. Additionally, if no consideration was exchanged (i.e., if Wilma didn't offer any money or other valuable consideration to Sidney in exchange for his promise to sell the house), then there may not have been an enforceable contract in the first place.

Wilma Tells Sidney That She Will Buy His House from Him.Before