Asked by
AbbySue Campbell
on Nov 27, 2024
Verified
Lumber LLC files a suit against Mill Company to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if
A) Lumber foreseeably and justifiably relied on Mill's promise.
B) Mill denies the existence of any contract.
C) neither party has begun to perform.
D) the deal does not involve customized goods.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by all parties involved in order to be enforceable.
Oral Contract
A verbal agreement between parties that is legally binding, though not in written form.
Enforceable
Capable of being imposed or upheld by legal process or action.
- Identify circumstances under which oral agreements are legally binding despite the Statute of Frauds.
Verified Answer
GH
Learning Objectives
- Identify circumstances under which oral agreements are legally binding despite the Statute of Frauds.