In the presence of several witnesses,Liz verbally agreed to purchase Wade's farm for $25,000.The next day,Wade changed his mind and refused to sell the farm to Liz.On the strength of the verbal agreement of purchase and sale in the presence of witnesses,Liz sued Wade for breach of contract and for a decree of specific performance to compel Wade to sell him the farm.
A) The verbal agreement is valid and enforceable if the witnesses testify in court that an agreement of purchase and sale was made.
B) The verbal agreement is unenforceable.
C) The verbal agreement is void.
D) If Liz had given Wade $10 in cash as a deposit the agreement would be enforceable.
E) Assuming the agreement is enforceable,Liz would not be entitled to specific performance,and be entitled to only money damages.
Correct Answer:
Verified
Q85: Linda and Ralph moved to a large
Q86: A student from another class says that
Q87: Box Co.assigns a conditional contract with Yee
Q88: Acme Finance Company approaches merchants and gives
Q89: Cal has just co-signed a car loan
Q91: Johnson Ltd.enters into a contract to supply
Q92: Box Co.assigns a conditional contract with Yee
Q93: The arol evidence rule:
A)widens the scope to
Q94: Brenda discovered that her younger sister,Allison,desperate to
Q95: Carl agrees to buy a refrigerator from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents