Solved

Seller and Buyer Negotiate for the Sale of 100 Acres

Question 61

Multiple Choice

Seller and Buyer negotiate for the sale of 100 acres of land.They orally agree on a price of $100,000,with payment to be made within 10 days and the deed delivered within another 30 days.Buyer sends Seller a letter in which all these terms are included,along with a check for $100,000 that Seller deposits.Seller fails to deliver a deed,and Buyer seeks to enforce the contract.This contract is:


A) Enforceable,because Buyer had partly performed the contract by making payment.
B) Unenforceable,because there is no writing signed by Seller.
C) Enforceable,because Buyer sent a memorandum sufficient against himself,which binds Seller unless Seller objects,which he did not.
D) Unenforceable,because the parol evidence rule applies.

Correct Answer:

verifed

Verified

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

Related Questions