Asked by
Markia Hawkins
on Dec 16, 2024
Verified
In which of the following situations would there be an enforceable contract despite the lack of a written contract?
A) Jack agrees to build a garage for Sam after he finished the remainder of his 2-year army hitch (he has 14 months left) .
B) Jack leases a storage facility for duration of his 2-year army hitch.
C) Contractor Joe agreed to build a $250,000 home for Sam on Sam's land, to be completed no later than 9 months from the date of agreement.
D) Sam agreed to trade his vacation cottage with Joe in exchange for Joe's yacht.
E) Sam agreed to guarantee a loan for his friend Joe.
Enforceable Contract
A legal agreement that can be upheld in court, usually because it meets all necessary legal requirements.
Written Contract
A legally binding agreement between two or more parties that is expressed in written form.
Army Hitch
Slang for a period of enlistment or service in the army.
- Discern the stipulations and deviations provided in the Statute of Frauds for the legality of a contract.
Verified Answer
KM
Learning Objectives
- Discern the stipulations and deviations provided in the Statute of Frauds for the legality of a contract.