Mr.Buyer, the plaintiff in the action, was attempting to enforce a contract in which the defendant, Mr.Seller, agreed to sell to the buyer his property, Blackacre, for $100 000.Which of the following, by itself, would be sufficient to allow Mr.Seller to get out of the contract?
A) At the time of the contract, unknown to Mr.Buyer, Mr.Seller did not understand the quality and nature of this act because of mental incapacity.
B) The $100 000 was not enough (i.e., not fair) .
C) Although both parties agreed to this, no money had actually been paid on the contract, not even a deposit or a down payment.
D) Mr.Buyer referred to essential terms in a letter sent to Mr.Seller.
E) There was only a verbal agreement between Mr.Seller and Mr.Buyer.
Correct Answer:
Verified
Q80: Contracts that unduly restrict competition are void.
Q83: A formal contract is one that is
Q96: If a person says that he had
Q142: "A verbal contract is every bit as
Q144: Which of the following is correct with
Q146: Smith runs a software-design business.He needed someone
Q151: "A person's intention to be bound by
Q152: Joe sold Harry his barbershop,but Harry wanted
Q154: Mrs.Johnson is thinking of selling some property
Q156: Discuss the Statute of Frauds as it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents