Multiple Choice
Simeon owns a piece of land called Blackacre.He has accepted Lola's offer to buy that property.The parties have created an agreement of purchase and sale.Which of the following statements is TRUE?
A) Since the parties created an agreement of purchase and sale, Blackacre must be located in a registry system jurisdiction.
B) Since the parties created an agreement of purchase and sale, Blackacre must be located in a land titles jurisdiction.
C) As long as it includes all of the relevant terms, the agreement of purchase and sale is enforceable even if it is oral.
D) Specific performance may be awarded with respect to Simeon's obligation to transfer title but not Lola's obligation to pay the price.
E) Even if a contract for the sale of land is oral, it is effective as long as both parties are willing to perform.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: In the context of land registration systems,
Q18: Nuala recently acquired an interest in a
Q19: As a matter of risk management, commercial
Q20: Randall initially owned a piece of land
Q21: Zoe and Lucius are parties to a
Q23: Belinda owned a piece of land called
Q24: A piece of land called Blackacre is
Q25: Barton owns a piece of land called
Q26: Herschel borrowed $500 000 from Minah.As security
Q27: A mortgage exists between Jonah and Marina