A Orally Agrees with B to Lease an Office in B's

question 16

Multiple Choice

A orally agrees with B to lease an office in B's building for four years.A moves in and renovates the office and also pays monthly rent to B pursuant to their agreement.B now decides to arbitrarily tell A to leave because there is no lease.If A wants to make B specifically perform the lease,a court will most likely find that

• A)the lease is unenforceable under the Statute of Frauds,but A's acts will give him a quantum meruit claim for the renovations.
• B)the lease is unenforceable under the Statute of Frauds,but A's acts constitute part performance and the lease should be upheld.
• C)the lease is unenforceable under the Statute of Frauds,and A's acts do not amount to part performance so effectively there is no lease.
• D)the lease is unenforceable under the Statute of Frauds,but A's acts will give him a claim for unjust enrichment for the renovations.
• E)all of the above

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Definitions:

Account Balance

The difference between the debits and credits recorded in an account.

Financial Statement

A precise documentation of monetary activities and the financial state of a corporation, a person, or another entity.

Account Balance

The total amount of money that is present in an account at any given time, which can be a positive or negative value.

Financial Statement

An official document detailing the financial transactions and status of an entity, such as a company, person, or organization, often comprising the balance sheet, income statement, and statement of cash flows.