Asked by
matthew sebastian
on Nov 27, 2024
Verified
Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by
A) Duane or Evan.
B) Duane, Evan, or Finance Bank.
C) Finance Bank.
D) none of the choices.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.
Enforceable
A legal term denoting that an agreement or contract can be compelled or upheld by law.
- Comprehend the importance and fundamental necessities of the Statute of Frauds within the scope of contract law.
- Recognize the categories of agreements governed by the Statute of Frauds.
Verified Answer
HS
Learning Objectives
- Comprehend the importance and fundamental necessities of the Statute of Frauds within the scope of contract law.
- Recognize the categories of agreements governed by the Statute of Frauds.