Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by
A)Duane or Evan.
B)Duane, Evan, or Finance Bank.
C)Finance Bank.
D)none of the choices.

Question

Quizplus · Accepted Answer

The Statute of Frauds requires certain types of contracts, including those for the sale of real estate, to be in writing to be enforceable. Since Duane and Evan's agreement is oral, it does not meet the requirements of the Statute of Frauds and is therefore not enforceable by any party.

Duane and Evan Orally Agree to a Transfer of Forty