Presti claims that he reached an oral agreement with Wilson by telephone in October 2016 to buy a horse for $60,000

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Presti claims that he reached an oral agreement with Wilson by telephone in October 2016 to buy a horse for $60,000

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Presti claims that he reached an oral agreement with Wilson by telephone in October 2016 to buy a horse for $60,000. Presti asserts that he sent Wilson a bill of sale and a postdated check, which Wilson retained. Presti also claims that Wilson told him that he wished not to consummate the transaction until January 1, 2017, for tax reasons. The check was neither deposited nor negotiated. Wilson denies that he ever agreed to sell the horse or that he received the check and bill of sale from Presti. Presti’s claim is supported by a copy of his check stub and by the affidavit of his executive assistant, who says that he monitored the telephone call and prepared and mailed both the bill of sale and the check. Wilson argues that the statute of frauds governs this transaction, and because there was no writing, the contract claim is barred. Is Wilson correct? Explain.

Explanation & AnswerSolution by a verified expert

Explanation

The anomaly for half execution or for payment and affirmation may involve correlative involvement and not solitary actions and may require objective proof of approval of both parties. This verification may be missing in this case because the only confirmation of settlement was the Person P's testimony that the check was to be held until the next year to gain a tax benefit. The inspection may never be deposited in the appellant's description or negotiated by that person. The affidavit that subsists may be the evidence that the appellant may have created, and henceforth, it may not be a goal demonstration of the party's approval to the agreement, such as to make it lawful without a written document.

Verified Answer

Here Person W may be accurate. The trade of a horse may be controlled by the Uniform Commercial Code, which includes the sales of goods. Person P may seek to circumvent the writing arrangement based on two exceptions; that the law may not apply if Person W acknowledges that an agreement was made, and that it may not apply to a case in which payment was forged and received. Nonetheless, Person W may oppose that any contract was created under oath.

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