subject
Business, 12.08.2020 05:01 XVARYX

June finds an ad on Craigslist for a used car at a price she is willing to pay in cash. She emails the seller and offers to pay $200 extra more the asking price. She asks the seller to call her immediately to work out a deal. The seller calls June and they orally agree that June will pay $5200 for the car. June is to drop by sellers house in two days with cash in hand. They do not sign a formal agreement or otherwise follow-up by email or any other writing. The next day, another buyer offers seller $5500 for the car. Seller calls June to tell her that he will sell the car to the other buyer unless she can match the price. She tells him that they already have an agreement, and refuses. June receives an email from seller later that day. The email states: Hey:
I spoke with my cousin, who is an attorney. He stated that I do not have to sell you my car because we didn’t sign anything, so it is not enforceable. Sorry our deal did not work out.
Cheers!

Required:
Can June still enforce the agreement, or is it unenforceable under the Statute of Frauds? Discuss.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:30
What are some of the miranda restrictions on questioning someone?
Answers: 1
question
Business, 21.06.2019 19:10
If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?
Answers: 2
question
Business, 22.06.2019 07:20
Go follow my instagram atx_humberto
Answers: 2
question
Business, 22.06.2019 07:30
When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?
Answers: 2
You know the right answer?
June finds an ad on Craigslist for a used car at a price she is willing to pay in cash. She emails t...
Questions
question
History, 04.08.2021 16:20
question
Biology, 04.08.2021 16:20
question
English, 04.08.2021 16:30
Questions on the website: 13722359