Multiple Choice
In the presence of several witnesses,Liz verbally agreed to purchase Wade's farm for $25,000.The next day,Wade changed his mind and refused to sell the farm to Liz.On the strength of the verbal agreement of purchase and sale in the presence of witnesses,Liz sued Wade for breach of contract and for a decree of specific performance to compel Wade to sell him the farm.
A) The verbal agreement is valid and enforceable if the witnesses testify in court that an agreement of purchase and sale was made.
B) The verbal agreement is unenforceable.
C) The verbal agreement is void.
D) If Liz had given Wade $10 in cash as a deposit the agreement would be enforceable.
E) Assuming the agreement is enforceable,Liz would not be entitled to specific performance,and be entitled to only money damages.
Correct Answer:

Verified
Correct Answer:
Verified
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