Question
Grandview Developments negotiated an oral agreement with a landowner to purchase property on the outskirts of the city. Grandview intends to develop the landing a
Grandview Developments negotiated an oral agreement with a landowner to purchase property on the outskirts of the city. Grandview intends to develop the landing a housing project. What is Grandview's legal position regarding this agreement?
The agreement is legally binding on Grandview and the landowner.
A)The agreement is not legally enforceable because it is not in writing.
B)The agreement is not legally enforceable because the parties have not achieved a "meeting of the minds".
C)This agreement is not legally enforceable because it is not supported by mutual consideration.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started