Chapter 16 discusses the Statute of Frauds, law enacted by legislative process that requires certain types of contracts
Posted: Thu Apr 28, 2022 12:33 pm
Chapter 16 discusses the Statute of Frauds, law enacted by legislative process that requires certain types of contracts must be in writing to be enforceable. This is what is referred to as a formal contract (see Chapter 9). In December 2021, Mr. and Mrs. Wentworth placed their house on the market. Mr. Collings made an offer in January 2022. The parties signed a contract for the sale and Mr. Collings paid a deposit of $6,000. In February 2022, the Wentworths changed their minds and no longer intend to sell their house. They said they would return the deposit. Mr. Collings is fully prepared to pay the remaining balance for the purchase of the home as stated in the contract. Mr. Collings says he will not cancel the contract. Is there a breach of contract? Does Mr. Collings have any legal action available to him in this situation? What remedies would be available to Mr. Collings?