The chief executive officers of Chemico, Inc., and Petro Products Corporation orally agree that Chemico will sell a refinery and the land on which it is situated to Petro. Under the Statute of Frauds, this deal is enforceable by

Question

The chief executive officers of Chemico, Inc., and Petro Products Corporation orally agree that Chemico will sell a refinery and the land on which it is situated to Petro. Under the Statute of Frauds, this deal is enforceable by​

Quizplus · Accepted Answer

The Statute of Frauds requires that certain types of contracts, including contracts for the sale of real property, be in writing to be enforceable. An oral agreement for the sale of a refinery and the land on which it is situated would not be enforceable under the Statute of Frauds, so the correct answer is D, none of the choices.

The Chief Executive Officers of Chemico, Inc