A Contract Outlining Terms of a Land Sale Between Two

question 10

True/False

A contract outlining terms of a land sale between two companies is an example of public law in action.

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Definitions:

Breach

The violation or non-fulfillment of a legal obligation, agreement, or duty.

Statute of Frauds

A legal concept that requires certain types of contracts to be written and signed by the party or parties to be charged, in order to be legally enforceable.

Oral Contract

An agreement between parties that is spoken rather than written but is still legally binding.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no formal contract exists between the parties.