Question
Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and
Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and Rebecca orally agree that Rebecca will buy the house on the lake for $300,000. Harry hurriedly writes out a contract providing that he would sell "his house" to Rebecca for $300,000 and Harry signs the top of the document.Rebecca signs also. Harry backs out of the contract, and Rebecca sues him.He tells the judge that the statute of frauds is left unsatisfied because he did not sign the document at the end, and also because he signed at the top of the document.Then, he starts to tell the judge that Rebecca told him she really did not want the house and was signing just to make Harry happy.
- Is there a valid agreement?
- Why or why not?
- If there is a lawsuit, can Harry testify that Rebecca said she really did not want to buy the house at the time he signed the deal?Why or why not?Make sure to answer each question.
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