Miriam Makes an Oral Agreement with John to Sell Him

question 16

Multiple Choice

Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500. Their agreement is:

• A) enforceable and not voidable in accordance with the statute of frauds.
• B) covered by the statute of limitations.
• C) enforceable only if promissory estoppel applies.
• D) unenforceable as real estate contracts need to be in writing.

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Definitions:

Net Migration Rates

A statistic that calculates the difference between the number of individuals entering a country (immigrants) and leaving a country (emigrants) per 1,000 inhabitants in a given year.

Migration

The movement of people from one place to another with the intention of settling temporarily or permanently in the new location.

Basic Demographic

Fundamental population characteristics such as age, sex, and race used in analysis and policy development.

World Population

The total number of humans currently living on Earth, a figure that is continually monitored and projected.