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Juan entered in an oral contract to buy Luke's vacant building for $50,000. He gave Luke...

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General Management

Juan entered in an oral contract to buy Luke's vacant buildingfor $50,000. He gave Luke a $5,000 deposit. They intended to reducetheir agreement to a written contract letter. Pursuant to theiroral agreement, Juan took possessions of the building and spent$30,000 making improvements so that it would be capable of beingrented to the public. Due to the rise in the value of similarproperties. Luke served Juan with a notice to vacate the building.Luke contends the oral contract is unenforceable and that Juan mustvacate the building.

a. What is Luke's best argument that the contract isunenforceable?

b. What arguments could Juan make to argue that the contract isenforceable?

c. With whom do you agree? Why?

Answer & Explanation Solved by verified expert
4.5 Ratings (626 Votes)
In most cases when it comes to the process of enforcing an oral contract it might not be simple but with the status of fraud then it enforceability becomes very simple In the case of Luke and Juan the contract is    See Answer
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