Question
Moriarty and Holmes enter into an oral contract by which Moriarty promises to sell and Holmes promises to buy a farm for $100,000. Moriarty repudiates
Moriarty and Holmes enter into an oral contract by which Moriarty promises to sell and Holmes promises to buy a farm for $100,000. Moriarty repudiates the oral contract by writing a letter to Holmes in which she accurately states the term of the agreement, but adds our agreement is oral. It, therefore, is not binding on me and I will not carry it out. Moriarty signs the letter and sends it. Thereafter Holmes sues Moriarty to force the transfer of the farm. Moriarty raises the defense of the Statute of Frauds. Is there a writing that satisfies the statute or is the contract unenforceable? Explain.
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