Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 4 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Nov 2017 My Price 7.00

Mrs. McClam

When Mr. McClam died, he left the family farm, heavily mortgaged, to his wife and children. In order to save the farm from foreclosure, Mrs. McClam planned to use insurance proceeds and her savings to pay off the debts. She was unwilling to do so, however, unless she had full ownership of the property. Mrs. McClam wrote her daughter, stating that the daughter should deed over her interest in the family farm to her mother. Mrs. McClam promised that upon her death all the children would inherit the farm from their mother equally. The letter further explained that if foreclosure occurred, each child would receive very little, but if they complied with their mother’s plan, each would eventually receive a valuable property interest upon her death. Finally, the letter stated that all the other children had agreed to this plan. The daughter also agreed. Years later, Mrs. McClam tried to convey the farm to her son Donald. The daughter challenged, arguing that the mother was contractually bound to convey the land equally to all children. Donald says this was an oral agreement to sell land, and is unenforceable. The daughter says the letter satisfies the statute of frauds, making the contract enforceable. Who gets the farm? Explain.

 

 

Answers

(5)
Status NEW Posted 15 Nov 2017 02:11 PM My Price 7.00

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