An Oral Promise to Sell Certain Real Property Is Enforceable

question 13

True/False

An oral promise to sell certain real property is enforceable without more, but the actual sale must be in writing to be enforceable.

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Definitions:

Security's Value

The market worth or price at which a financial security, such as a bond or stock, can be bought or sold.

Future Cash Flows

Projected movement of money into and out of a business, essential for budgeting, financial planning, and investment analysis.

Future Cash Flows

The projected cash receipts and payments a company expects to incur over a certain period in the future.

Bond Ratings

Bond ratings are assessments made by credit rating agencies about the creditworthiness of a bond issuer, which affect the interest rates bonds carry.