
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107 Exercise 6
In February, Chuck orally agrees to sell his hunting cabin, with 15 acres, to Kyle for $35,000, with the deal to be completed in July, when Kyle will have the money. In March, while Chuck is vacationing on his land, he permits Kyle to enter the land and dig the foundation for a new cottage. In July, Kyle arrives with the money, but Chuck refuses to sell. Kyle sues.
(a) Chuck wins because the contract was never put in writing.
(b) Chuck wins because the contract terms were unclear.
(c) Kyle wins because a contract for vacation property does not need to be written.
(d) Kyle wins because Chuck allowed him to dig the foundation.
(e) Kyle wins because Chuck has committed fraud.
(a) Chuck wins because the contract was never put in writing.
(b) Chuck wins because the contract terms were unclear.
(c) Kyle wins because a contract for vacation property does not need to be written.
(d) Kyle wins because Chuck allowed him to dig the foundation.
(e) Kyle wins because Chuck has committed fraud.
Explanation
Contracts should be in writing to be enf...
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
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