Willis 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, Willis, is to have possession immediately. Willis pays Leslie $25,000, takes possession of the land, and starts building a house. At the time of closing, Willis has made a substantial
beginning on the house. However, Leslie refuses to transfer the title, claiming the oral contract is not enforceable. This contract is
a. enforceable, because the statute of frauds does not apply to this interest in land.
b. unenforceable, because there is no writing signed by Leslie.
c. enforceable, because Willis has partially performed the oral contract and made improvements on the land.
d. unenforceable, because the parol evidence rule applies.
c
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Use this inventory information for the month of August to answer the following question. Aug. 1 Beginning inventory 10 units @ $130 5 Purchase 60 units @ $122 14 Sale 40 units 21 Purchase 30 units @ $126 31 Sale 28 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average-cost method?
A) $3,764 B) $3,826 C) $3,968 D) $3,986
Balance of power is most likely the issue a salesperson must consider when responding to a ________ tactic
A) budget limitation B) feel-felt-found C) let-us-split-the-difference D) "if...then" E) "sell low now, make profits later"
Consider a work center with a demand rate of 20 parts per hour and using a container that can hold 5 parts. It is estimated that the container takes 30 minutes to cycle through the work cell. Assume a safety stock level of 10 percent. What is the unrounded value of K for this system?
a. 1.2 b. 2.2 c. 3.2 d. Cannot be determined from the information given
My Bonnie Lass, a cosmetics company, associates with a perfume brand called Lonalove to launch a face powder that is scented with one of Lonalove's signature perfumes. This new product becomes immensely popular among consumers and both the companies benefit from it. This scenario is an example of _____.
A. peer-to-peer marketing B. cobranding C. licensing D. sponsorship