Statute of frauds requires such contracts

Reference no: EM133681528

Question

You are shopping for your first house and orally agree to purchase a house from a Seller for $10,000 less than the Seller's initial asking price. Later that day another buyer comes by and offers the Seller the full asking price. The Seller calls you and tells you that the deal is off and he is going to sell the house to the 2nd buyer.

a. Your oral contact is not enforceable because the statute of frauds requires such contracts to be in writing. The 2nd buyer gets the house.

b. The oral contract is enforceable and the Seller must sell you the house as agreed. A court might even award you specific performance.

Reference no: EM133681528

Questions Cloud

Damage in walls in the rental property : he has refused to repair the damage in the walls in the rental property and refuses to ensure that the property is kept reasonably clean

Echo-hawk presents a very interesting legal argument : Echo-Hawk presents a very interesting legal argument contending that American Indians are not conquered peoples, but that the legal precedents

Farrah-Fowler for breach of express contract : Do you think Leonard has grounds to sue Dr. Farrah-Fowler for breach of express contract?

Pride in remaining physically fit for duty : You are a five-year veteran of the State Police Department and take pride in remaining physically fit for duty.

Statute of frauds requires such contracts : Your oral contact is not enforceable because the statute of frauds requires such contracts to be in writing. The 2nd buyer gets the house.

Prosecutors are very powerful government officials : Prosecutors are very powerful government officials. Summarize the job of a prosecutor including their duties, powers and responsibilities

Trial courts and appellate courts in the texas system : What are the differences between Trial Courts and Appellate Courts in the Texas system?

What is restorative justice : What is restorative justice? Who are the major parties to restorative justice? What are the ultimate goals of restorative justice?

Identifying discrimination case : Identifying a discrimination case.Discuss the outcome of the case. How did the court rule? Did it go through multiple legal levels

User Account

All Pages