Mark entered into an oral agreement to sell some land to David. Both sides voluntarily agreed to the transaction, both sides provided consideration, and both had the legal capacity to enter into a contract. The sale was for a legal purchase. Under the statute of frauds, this agreement meets all of the conditions necessary for a valid contract for the sale of the land.

Question

Quizplus · Accepted Answer

The statute of frauds requires certain contracts, including contracts for the sale of land, to be in writing to be enforceable. An oral agreement for the sale of land would not meet the statute of frauds requirements and would not be a valid contract.

Mark Entered into an Oral Agreement to Sell Some Land