Ned and Bill complete an oral contract for the sale of land from Ned to Bill for $100,000.Bill pays Ned the $100,000,and then begins to build his house on the land.At this point,Ned says that the deal is off and refuses to convey the deed to Bill.In doing so,Ned relies on the statute of frauds.Is this agreement enforceable by Bill?

Question

Quizplus · Accepted Answer

The Answer of Ned and Bill complete an oral contract for the sale of land from Ned to Bill for $100,000.Bill pays Ned the $100,000,and then begins to build his house on the land.At this point,Ned says that the deal is off and refuses to convey the deed to Bill.In doing so,Ned relies on the statute of frauds.Is this agreement enforceable by Bill?

Ned and Bill Complete an Oral Contract for the Sale