Explain why oral contract is not enforceable

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Reference no: EM13111196

Q. 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. Explain however, Leslie refuses to transfer the title, claiming the oral contract is not enforceable.

Reference no: EM13111196

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