Sargent Orally Agreed to Purchase a Piece of Land from Babson

question 29

Essay

Sargent orally agreed to purchase a piece of land from Babson. To confirm the agreement, Sargent wrote a letter to Babson that contained all the terms of the transaction and was signed by Sargent. When Babson refused to sell, Sargent sued for breach of contract, claiming that the sale was in writing. Is Sargent correct?

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Definitions:

Monitoring

The systematic process of observing or checking work performance or processes over time for the purpose of ensuring compliance with standards.

Corporate Goals

The strategic objectives set by a company to guide its direction and measure its success, often focusing on growth, profitability, and market share.

Senior-Level Managers

Executives and high-level managers responsible for making strategic decisions and overseeing the entire organization or major parts of it.

Alignment

Alignment in a business context involves ensuring that various aspects of an organization's operations, such as its strategy, goals, and activities, are coherent and support each other in achieving the organization's objectives.