Which of the Following Was the Result in the Case

question 69

Multiple Choice

Which of the following was the result in the case in the text Sewing v. Bowman, involving the issue of whether an agreement to share in the profits of the land, such as appreciation in the value of the properties and rental income, came within the statute of frauds?

• A) The court ruled that the land constituted an asset of the partnership, so the partnership agreement did not come within the statute of frauds.
• B) The court ruled that the agreement did involve an interest in land and, therefore, came within the statute of frauds.
• C) The court ruled that the agreement did not involve an interest in land but placed it within the statute of frauds in order to prevent injustice.
• D) The court ruled that the agreement fell within the statute of frauds but that an oral agreement was sufficient.
• E) The court ruled that the agreement to share in the appreciation of the value of the land did not fall within the statute of frauds and that no writing was needed, but that the agreement to share the rental income did fall within the statute of frauds requiring a writing.

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Definitions:

Anchoring And Adjustment

A cognitive bias in which an individual relies too heavily on an initial piece of information (anchor) to make subsequent judgments or decisions.

Availability

The state of being readily obtainable or accessible when needed or desired.

Projection

A psychological defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives onto someone else.

Representativeness

A cognitive heuristic in decision-making, where the similarity of objects or events is used to infer the probability of an event or the categorization of an object.