Asked by Kiana Moore on May 26, 2024
Verified
An oral contract for the sale of land that has been completely performed by the vendor:
A) is part of the statute of frauds.
B) can be enforced without a writing.
C) needs to be signed by the parties.
D) has to be testified by witnesses.
Completely Performed
Refers to a contractual obligation that has been fully executed or carried out by all parties involved to the terms agreed upon.
Oral Contract
An agreement made through spoken words rather than written documentation, which can be legally binding in some cases.
- Comprehend the exceptions to the statute of frauds, such as part performance and unique conditions.
- Distinguish between binding and non-binding verbal agreements according to differing legal principles.
Verified Answer
GN
Gabby NicolMay 27, 2024
Final Answer :
B
Explanation :
An oral contract for the sale of land that has been completely performed by the vendor (seller)is "taken out of the statute of frauds"-that is,is enforceable without a writing.
Learning Objectives
- Comprehend the exceptions to the statute of frauds, such as part performance and unique conditions.
- Distinguish between binding and non-binding verbal agreements according to differing legal principles.