Duane and Evan Orally Agree to a Transfer of Forty

question 28

Multiple Choice

Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by

• A)Duane or Evan.
• B)Duane, Evan, or Finance Bank.
• C)Finance Bank.
• D)none of the choices.

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Definitions:

Halo Effect

What occurs when one attribute is used to develop an overall impression of a person or situation.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group and is used to generate and prioritize ideas.

Illusions Of Invulnerability

Illusions Of Invulnerability describe a mistaken belief within a group that its decisions are incapable of error or harm, often leading to excessive risk-taking.

Groupthink

A mental effect experienced by a collective, where the pursuit of agreement or uniformity leads to choices that are illogical or not functional.