Grandview Developments negotiated an oral agreement with a landowner to purchase property on the outskirts of the city.Grandview intends to develop the land into a housing project.What is Grandview's legal position regarding this agreement?
A) The agreement is legally binding on Grandview and the landowner.
B) The agreement is not legally enforceable because it is not in writing.
C) The agreement is not legally enforceable because it is not supported by mutual consideration.
D) The agreement is not legally enforceable because the parties have not achieved a 'meeting of the minds'.

Question

Quizplus · Accepted Answer

The agreement is not legally enforceable because it is not in writing. This is due to the Statute of Frauds, which requires certain types of contracts, including those for the sale of real estate, to be in writing to be enforceable.

Grandview Developments Negotiated an Oral Agreement with a Landowner to Purchase