Steve Orally Agrees, at a Family Reunion Picnic, to Buy

question 19

Multiple Choice

Steve orally agrees, at a family reunion picnic, to buy Bob's farm for $250,000, and all the terms of the agreement are settled. Bob agrees to let Steve come onto the property before the closing date so that Steve can renovate the farmhouse kitchen and build a new barn before he takes over formally. By the time Bob tells Steve that he has changed his mind and that he will not be completing the transaction on the closing date, Steve has spent $40,000 on the property.

• A) Because of the Statute of Frauds, Steve cannot get the farm, but he can sue Bob for the tort of deceit and recover the $40,000.
• B) Under the Statute of Frauds, since their agreement was not evidenced in writing, Steve cannot enforce it in court, and cannot recover the $40,000.
• C) Steve can use the doctrine of promissory estoppel to force Bob to complete the transaction and give him the farm in exchange for $250,000.
• D) Steve can ask a court to order specific performance of the contract because he has spent a lot of money on the property.
• E) Under the doctrine of part performance, Steve can request that the court order specific performance of the contract.

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Definitions:

Attitudes

Attitudes are psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor, often influencing behavior or perceptions.

Simple Sentence

A sentence structure containing a single independent clause with a subject and a predicate.

Complex Sentence

A sentence type that consists of at least one independent clause and one or more dependent clauses.

Proposition

A statement or assertion that expresses a judgment or opinion.