This topic contains a solution. Click here to go to the answer

Author Question: Alver Developers had an oral purchase agreement to buy land from Tucker Farms. Tucker Farms ... (Read 52 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
Alver Developers had an oral purchase agreement to buy land from Tucker Farms. Tucker Farms permitted Alver to place a construction trailer on the land, move its equipment onto the land, and begin excavation. Alver has begun the grading process of the property, but Tucker Farms is backing out of the deal on the grounds that its oral agreement was not valid. Choose one of the following to describe Alver's rights.
 A)Alver has no rights because it was an oral and unenforceable contract.
 B)If Alver has paid some money down, he could enforce the oral agreement.
 C)Alver can enforce the oral agreement using the doctrine of partial performance under the Statute of Frauds.
 D)Alver can enforce the oral agreement using the doctrine of partial performance under the Statute of Frauds if he has also paid the purchase price for the land.

Question 2

Which of the following is a requirement of negotiability?
 A) The payee and the drawee need not be designated.
 B) The instrument must be in writing and signed by the party executing it.
 C) The instrument must provide for the payment of a flexible amount of money.
 D) The order or the promise in the instrument must be conditional.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

C

Answer to Question 2

B




plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 24, 2018
:D TYSM


mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

For a complete list of videos, visit our video library