Asked by
Holden Hudnell
on Dec 18, 2024
Verified
In the presence of several witnesses, A verbally agreed to purchase B's farm for $175,000. The next day, B changed his mind, and refused to sell the farm to
A. On the strength of the verbal agreement of purchase and sale made in the presence of witnesses, A sued B for breach of contract and for a decree of specific performance to compel B to sell him the farm. The verbal agreement is valid and enforceable if the witnesses testify in court that an agreement of purchase and sale was made.
FALSE
Verbal Agreement
An agreement made through spoken words between parties that is legally binding, although harder to prove than written contracts.
Specific Performance
A legal remedy requiring a party to perform a specific act, often used in breach of contract cases.
- Comprehend how verbal agreements can affect legal outcomes when not supported by written contracts.
- Ascertain and differentiate between valid, enforceable, unenforceable, and null and void agreements as per legal guidelines.
Verified Answer
KA
Learning Objectives
- Comprehend how verbal agreements can affect legal outcomes when not supported by written contracts.
- Ascertain and differentiate between valid, enforceable, unenforceable, and null and void agreements as per legal guidelines.
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