Multiple Choice
Which of the following was the result in the case in the text Sewing v.Bowman,involving the issue of whether an agreement to share in the profits of the land,such as appreciation in the value of the properties and rental income,came within the statute of frauds?
A) The court ruled that the agreement did involve an interest in land and,therefore came within the statute of frauds.
B) The court ruled that the agreement to share in the appreciation of the value of the land did not fall within the statute of frauds and that no writing was needed,but that the agreement to share the rental income did fall within the statute of frauds requiring a writing.
C) The court ruled that the land constituted an asset of the partnership,so the partnership agreement did not come within the statute of frauds.
D) The court ruled that the agreement fell within the statute of frauds but that an oral agreement was sufficient.
E) The court ruled that the agreement did not involve an interest in land but placed it within the statute of frauds in order to prevent injustice.
Correct Answer:

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Correct Answer:
Verified
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