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On September 1, Travis and Kylie enter into an oral agreement under which Travis agrees to sell his house, in the Bronx, to Kylie for
- On September 1, Travis and Kylie enter into an oral agreement under which Travis agrees to sell his house, in the Bronx, to Kylie for $450,000. They agree to a September 15 closing date. On September 2, Kylie makes a down payment of $45,000, which Travis accepts. On September 12, Travis informs Kylie that he has changed his mind and is no longer interested in selling his house. Travis offers to return the $45,000 down payment.
Kylie sues Travis for breach of contract. Travis pleads the Statute of Frauds as a defense, stating that the agreement had to be in writing to be enforceable.
What judgment? Explain fully.
- Also on September 1, Travis and Tyga enter into an oral agreement under which Travis agrees to sell his two cars to Tyga for $100,000 each. Travis agrees to deliver the cars to Tyga on September 15. On September 2, Tyga pays Travis a 50% down payment, which Travis accepts. On September 12, Travis informs Tyga that he has changed his mind and is no longer interested in selling his cars. Travis offers to return the down payment.
Tyga sues Travis for breach of contract. If Travis pleads the Statute of Frauds as a defense, judgment for whom?
Judgment for whom? Explain fully.
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