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July 29, 2015

Homework Help: Business Law

Posted by Sarah on Wednesday, May 4, 2011 at 12:32pm.

David Faria orally agress to sell his house in Cleveland, Ohio, to Marie Ellis for $95,000. Ellis immediately sells her house in Nevada, gives up her job, and moves her belongings to Cleveland. Faria refuses to sell Ellis the house.

1. Would this sale deal with what the law would classify as "real property"?

2. Explain the legal principles that apply to this case and its likely outcome.

3. Would this case be an exception to the rule that contracts for sale of real property must be evidenced in writing? Explain your answer.

Thank you!

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