In the Presence of Several Witnesses,A Verbally Agreed to Purchase

question 9

True/False

In the presence of several witnesses,A verbally agreed to purchase B's farm for $175,000.The next day,B changed his mind,and refused to sell the farm to A.On the strength of the verbal agreement of purchase and sale made in the presence of witnesses,A sued B for breach of contract and for a decree of specific performance to compel B to sell him the farm.The verbal agreement is valid and enforceable if the witnesses testify in court that an agreement of purchase and sale was made.

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Definitions:

Promotion

Marketing strategies and tactics used to increase awareness, interest, and sales of a product or service.

Over-optimism

The tendency to overestimate the likelihood of positive outcomes in situations or decisions.

Worker

An individual engaged in a specific activity or labor, especially for economic gain.

Credit Card

A card issued by a financial institution that allows the cardholder to borrow funds with which to pay for goods and services with the promise to repay these funds, plus any agreed charges.