Explain is wilson correct

Assignment Help Management Theories

Reference no: EM131377952

Presti claims that he reached an oral agreement with Wilson by telephone in October 2007 to buy a horse for $60,000. Presti asserts that he sent Wilson a bill of sale and a postdated check, which Wilson retained.

Presti also claims that Wilson told him that he wished not to consummate the transaction until January 1, 2008, for tax reasons. The check was neither deposited nor negotiated. Wilson denies that he ever agreed to sell the horse or that he received the check and bill of sale from Presti.

Presti's claim is supported by a copy of his check stub and by the affidavit of his executive assistant, who says that he monitored the telephone call and prepared and mailed both the bill of sale and the check.

Wilson argues that the statute of frauds governs this transaction and that because there was no writing, the contract claim is barred. Is Wilson correct? Explain.

Reference no: EM131377952

Questions Cloud

Is the oral contract enforceable : Ethel, due to physical illness, decided not to marry. Miller sued for damages for Ethel's breach of agreement. Is the oral contract enforceable? Discuss.

Is the dairy correct in its assertion : The dairy argues that the statute of frauds bars enforcement of the oral contract because the contract was not to be performed within one year. Is the dairy correct in its assertion?

Is the agreement binding : Campbell now brings this action against Yokel for breach of contract upon Yokel's failure to deliver the soybeans. Is the agreement binding?

Explain the youth firearms violence initiative : Explain the Youth Firearms Violence Initiative. Choose one of the strategies and tactics. Explain the program in depth and its effectiveness in reducing juvenile weapons crimes.

Explain is wilson correct : Wilson argues that the statute of frauds governs this transaction and that because there was no writing, the contract claim is barred. Is Wilson correct? Explain.

What is the correct interpretation of this contract : A reading of the entire contract, however, indicates that the plan was not intended to apply to someone who was fired for cause. What is the correct interpretation of this contract?

Summarize how shaw-mckay would account for the high crime : Shaw and McKay developed their theory nearly 100 years ago. Do their arguments still apply today? What do the high crime neighborhoods look like now (versus early 1900s Chicago neighborhoods) and does this present any problems for their explanat..

Explain who is correct in given case : Do not wish to sell property.'' Joiner now claims an oral modification of a contract within the statute of frauds is unenforceable. Katz counters that the modification is not material, and therefore does not affect the underlying contract. Explain..

Explain who gets the farm : Donald says this was an oral agreement to sell land, and is unenforceable. The daughter says the letter satisfies the statute of frauds, making the contract enforceable. Who gets the farm? Explain.

User Account

All Pages