Ariel Pays Newton a $17 000 Deposit as Part of an Oral

Multiple Choice

Ariel pays Newton a $17 000 deposit as part of an oral contract for the sale of land. According to the terms of their agreement, Ariel is to pay the balance on the day of the closing, failing which Newton is allowed to keep the deposit. Suppose that the deal never closes. Which of the following is TRUE?

A) Newton has a contractual defence if Ariel seeks to get her deposit back.
B) Ariel has a contractual defence if Newton seeks to enforce the contract of sale.
C) Newton can enforce the contract of sale against Ariel.
D) Newton does not have a contractual defence if Ariel seeks to get her deposit back.
E) Ariel can enforce the contract of sale against Newton.