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Jack and Ann are both 22 years old. They agree to the following contracts: Jack agrees to buy Ann's computer for $700. Jack agrees to
Jack and Ann are both 22 years old. They agree to the following contracts:
- Jack agrees to buy Ann's computer for $700.
- Jack agrees to buy Ann's bicycle for $300.
- Jack helps Ann get a loan. He promises the bank that if Ann is unable to pay the loan, Jack will make the payments. Assume Jack receives no benefit for this promise; he is just doing Ann a favor.
- Jack agrees that, if Ann goes to the movies with him every Saturday until Jack retires, Jack will pay Ann $1000.
- Jack buys a vacation house on .25 acres from Ann.
- Jack rents an apartment from Ann for 3 years.
Which of these contracts falls within the statute of frauds and requires a writing? Then, if a contract falls within the statute of frauds, which of the 5 categories discussed in the videos does it fall under?
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