Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Grete entered an oral contract with Ava to purchase a house from Ava, with $ 1 , 5 0 0 monthly payments for the next

Grete entered an oral contract with Ava to purchase a house from Ava, with $1,500 monthly payments for the next 10 years. Grete moved into the house, remodeled it, and did extensive repairs. At the end of 10 years, Ava refused to convey title to the house to Grete and produced evidence at the resulting trial that the fair market rental value for the house averaged $1,800 per month over the 10-year period. Does Grete have an enforceable contract?
No, Grete cannot claim ownership of the house since there was no written contract with Ava.
Yes, Grete is antitled to the ownership of the house because oral contracts for the sale of land are enforceable under the Statute of Frauds.
Yes, Grete can claim ownership of the house based on equitable estoppel.
No, Grete is not entitled to the ownership of the house since she was paying below the fair market value.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Management

Authors: Robbins, DeCenzo, Coulter

7th Edition

132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822

More Books

Students also viewed these General Management questions

Question

Provide three possible solutions to the problem you identified.

Answered: 1 week ago