Question
Farmer Pete owned a farm that he was planning on selling for about $250,000.He decided to run an advertisement in the local newspaper.Bob saw the
Farmer Pete owned a farm that he was planning on selling for about $250,000.He decided to run an advertisement in the local newspaper.Bob saw the advertisement, called Farmer Pete, and offered to purchase the farm. Later, Farmer Pete wrote Bob a letter, informing him that he no longer would sell him the farm. Bob really wanted the farm and filed a lawsuit against Farmer Pete, seeking to enforce the contract. Farmer Pete defended on the grounds that the contract was unenforceable because of the statute of fraud.The letter Farmer Pete had sent to Bob did not contain any of the terms of the sale even though he had signed it. Bob claimed that the advertisement could be combined with the letter and satisfy the statute of fraud.How will the court decide the matter?
Chapter 16 Writing, Electronic Forms, and Interpretation of Contract
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