Examlex
A contract that does not satisfy the writing requirement of the Article 2 statute of frauds, but which is otherwise valid, is enforceable in which of the following situations?
Voidable Title
A legal concept where a title or ownership of property can be rendered invalid based on certain conditions or fraud.
Void Title
A legal status indicating that a transfer of property or title is null and ineffective, usually due to fraudulent activity or significant defects.
Good Faith Purchasers
Good faith purchasers are individuals who buy property without knowledge of any existing claims or disputes over the item bought, typically receiving protection under the law.
Identified Goods
Goods that are designated and agreed upon at the time a contract of sale is made.
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