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Question
King sent Foster, a real estate developer, a signed offer to sell a specified parcel of land to Foster for $200,000. King, an engineer, had inherited the land. Foster telephoned King the same day that he received his letter and accepted the offer. Which of the following statements concerning the contract is correct under the statute of frauds?
A. No contract was formed because Foster did not sign the offer.
B. No contract was formed because King is not a merchant.
C. A contract was formed, although it would be enforceable only against King.
D. A contract was formed but it is unenforceable.
Answer
This answer is hidden. It contains 99 characters.
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