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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 $ monthly payments for the next years. Grete moved into the house, remodeled it and did extensive repairs. At the end of 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 $ per month over the year period. Does Grete have an enforceable contract?
No Grete is not entitled to the ownership of the house since she was paying below the fair market value.
No Grete cannot claim ownership of the house since there was no written contract with Ava.
Yes, Grete is entitled 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.
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