Asked by
America MaganaBernal
on Dec 19, 2024
Verified
Kee and Lu enter into a contract for the sale of Mountain Valley Ranch. To be enforceable, this contract must be
A) substantiated by reliable, external evidence.
B) signed in a sufficient manner by both parties.
C) in writing or evidenced by a written memorandum.
D) all of the choices.
Sale
The passing of title (evidence of ownership rights) from a seller to a buyer for a price.
Enforceable Contract
A legally binding agreement that can be upheld and enforced in a court of law.
- Conceive the need for documented contracts in enforceable arrangements as necessitated by the Statute of Frauds.
Verified Answer
SC
Learning Objectives
- Conceive the need for documented contracts in enforceable arrangements as necessitated by the Statute of Frauds.