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:

Bilateral Contract

A type of agreement where both parties involved promise to perform certain actions or obligations, often creating mutual legal obligations.

Unilateral Contract

A contract in which one party makes a promise in exchange for an act (not a promise) by the other party.

Accepted Into College

The act of being granted admission to a college or university program as a recognized student.

Mailbox Rule

A legal doctrine stating that an offer is considered accepted once the acceptance is communicated through the mail, even if the offeror has not yet received it.