Asked by
Lostara McBee
on Nov 01, 2024Verified
Gregory sells his land to Tim.Under the Statute of Frauds,Gregory and Tim must have an oral contract to be enforceable in the court of law.
Statute of Frauds
A legal principle requiring certain types of contracts to be written and signed to be enforceable.
Oral Contract
An agreement between parties that is spoken and not formally recorded in written form, yet is legally binding.
Enforceable
Capable of being imposed or executed in accordance with the law.
- Recognize the significance of the Statute of Frauds and its requirements for certain types of contracts to be enforceable.
Verified Answer
JH
Learning Objectives
- Recognize the significance of the Statute of Frauds and its requirements for certain types of contracts to be enforceable.