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Sam Agreed to Sell His House to Joe for $200

Question 123

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Sam agreed to sell his house to Joe for $200 000,and although the agreement was not in writing,Joe gave Sam $25 000 as a deposit.Sam gave Joe a receipt for the $25 000,indicating that it had been received but not stating for what purpose.In the absence of any other writing,is this contract enforceable? Explain.

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This depends on the jurisdiction.In most...

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