An oral contract to sell a house is binding if:
A) the agreement is witnessed by a member of the clergy.
B) there is a tape recording of the agreement.
C) the buyer paid the price and received the deed of conveyance.
D) the seller is a merchant.

Question

Quizplus · Accepted Answer

In a land sale, an oral contract is only binding if the buyer has paid the price in full and received the deed of conveyance. Option A and B are not sufficient to make an oral contract legally binding, and option D is not relevant in determining the validity of an oral contract for the sale of a house.

An Oral Contract to Sell a House Is Binding If