Wade and Jessi have an oral contract to buy and sell Wade's car for $15,000. After Jessi has paid the money and received possession and title to the car, she is having second thoughts about buying the car.

Question

Quizplus · Accepted Answer

The statute of frauds requires certain contracts to be in writing, but once a contract is fully executed (i.e., Jessi has paid and received the car), the statute of frauds cannot be used as a defense.

Wade and Jessi Have an Oral Contract to Buy and Sell