QuickHelper

(10)

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About QuickHelper

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Teaching Since: May 2017
Last Sign in: 386 Weeks Ago, 4 Days Ago
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 02 Oct 2017 My Price 10.00

Pat promises Matt that he will buy his land for $100,000

Pat promises Matt that he will buy his land for $100,000. Matt agrees wholeheartedly. They shake hands and agree to meet the next day to complete the transaction. Pat brings the agreed upon sum; Matt gives Pat a valid deed to the land.

Subsequently Pat suffers buyer's remorse and wants his money back. What best describes his legal situation with respect to the Statute of Frauds?

1)   Pat can get his money back because there was no written contract as required by the Statute of Frauds.

2)   Pat can get his money back because the terms of the deal were not clear enough.

3)   Pat cannot get his money back because the contract is still executory.

4)   Pat cannot get his money back because the contract has been fully performed and it doesn't matter that the contract was verbal.

Answers

QuickHelper
(10)
Status NEW Posted 02 Oct 2017 05:10 PM My Price 10.00

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