Will and Leslie orally agree to the sale of a parcel of land for $50,000: one-half payable now as a down payment; one-half payable in 30 days at the time of closing when the title will be transferred. The buyer, Will, is to have possession immediately. Will pays Leslie $25,000, takes possession of the land, and starts building a house. At the time of closing, the house is nearly completed. However, Leslie refuses to transfer the title, claiming the oral contract is not enforceable. This contract is ______.

enforceable, because the statute of frauds does not apply to this interest in land


unenforceable, because there is no writing signed by Leslie


enforceable, because Will has partially performed the oral contract and made improvements on the land


unenforceable, because the parol evidence rule applies


enforceable, because Will has partially performed the oral contract and made improvements on the land

Business

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