Question
Archie Smith contracts orally with Carol Jones to purchase forty acres of pecan orchard from her. Archie and Carol make their agreement over lunch at
Archie Smith contracts orally with Carol Jones to purchase forty acres of pecan orchard from her. Archie and Carol make their agreement over lunch at a local restaurant. They carefully discuss all the details of the agreement, including the location of the land and the price. Archie and Carol shake hands and agree to meet the following day to formalize the agreement with paperwork. The next day, Carol decides she no longer wants to purchase the property. Archie sues her for breach of contract.
Will a court enforce the contract between Archie and Carol? Why or why not?
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