Solved

Grandview Developments Negotiated an Oral Agreement with a Landowner to Purchase

Question 47

Multiple Choice

Grandview Developments negotiated an oral agreement with a landowner to purchase property on the outskirts of the city.Grandview intends to develop the land into a housing project.What is Grandview's legal position regarding this agreement?


A) The agreement is legally binding on Grandview and the landowner.
B) The agreement is not legally enforceable because it is not in writing.
C) The agreement is not legally enforceable because it is not supported by mutual consideration.
D) The agreement is not legally enforceable because the parties have not achieved a 'meeting of the minds'.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions