Where a Contract Is for the Sale of an Interest

question 4

True/False

Where a contract is for the sale of an interest in land, you need either consideration or formalities to make the contract enforceable.

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Definitions:

Utilitarianism

An ethical theory that posits that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Preferences

The likes, desires, or choices a person has, which influence their behavior and decision-making, often considered in economics, psychology, and ethics.

Justice

The principle of moral righteousness and fairness that governs individual behavior and societal laws.

Beneficence

A principle in ethics and morality that refers to the act of doing good or performing actions for the benefit of others.