In the Presence of Several Witnesses, a Verbally Agreed to Purchase

question 29

True/False

In the presence of several witnesses, A verbally agreed to purchase B's farm for $175,000. The next day, B changed his mind, and refused to sell the farm to
A. On the strength of the verbal agreement of purchase and sale made in the presence of witnesses, A sued B for breach of contract and for a decree of specific performance to compel B to sell him the farm. Assuming the verbal agreement is unenforceable, the contract would still exist.
TRUE

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Definitions:

Proximal Stimulus

The stimulus registered by the sensory receptors (e.g., the pattern of light hitting the retina), as opposed to the actual object or event in the external world.

Information Processing

A cognitive approach that likens the mind to a computer, focusing on how people process, store, and retrieve information.

Compare

To examine two or more objects, ideas, or entities to identify similarities and differences between them.

Contrast Effects

The enhancement or reduction in perception and judgement of stimuli when compared to a recently encountered contrasting stimulus.