Q1: Dix agrees to sell Eli, for $1,500, a remote parcel of land. They believe the land to be worthless, but beneath it is shale rock containing oil. A court would
Group of answer choices
a. not rescind the contract.
b. rescind the contract on the basis of fraud.
c. rescind the contract on the basis of mistake.
d. rescind the contract on the basis of undue influence.
Q2: Under the Statute of Frauds, a contract involving an interest in land must be oral or written to be enforceable.
Group of answer choices
a. True
b. False
1. a. not rescind the contract.
Because in contract to sale there is no mention about at a lower level or layer it is shale rock containing oil.
2. False
Under the Statute of Frauds, contracts for the sale of an interest in land must be written down.
Q1: Dix agrees to sell Eli, for $1,500, a remote parcel of land. They believe the...
44. Agreements under the “Statute of Frauds” must: a. be in writing b. be for under $100.00 c. be on legal paper d. be notarized e. all of the above f. a and d only 45. An “illegal agreement” is one that will not be enforced because it violates: a. mirror reflection rule b. statutory law c. mutual rescission d. discord and satisfaction e. all of the above 46. The “parole evidence rule” related to contracts may refer to: a....