Determine which statement is false: A: The defense of Statute of Frauds may be waived. B: A contract involving one of the real properties of the buyer is a determinable object. Hen... Determine which statement is false: A: The defense of Statute of Frauds may be waived. B: A contract involving one of the real properties of the buyer is a determinable object. Hence, it is a valid contract.
Understand the Problem
The question presents two statements related to contract law: one regarding the Statute of Frauds and the other concerning the object of a contract involving real property. The task is to determine whether each statement is true or false, and then select the option that accurately reflects the truthfulness of both statements.
Answer
Statement B is false because a contract's object must be determinate, not just determinable, to be valid.
Statement B is false: A contract involving one of the real properties of the buyer is a determinable object. Hence, it is a valid contract. The object of the contract must be determinate, not merely determinable.
Answer for screen readers
Statement B is false: A contract involving one of the real properties of the buyer is a determinable object. Hence, it is a valid contract. The object of the contract must be determinate, not merely determinable.
More Information
A determinate object in contract law is specifically identified and distinguished from others of the same kind, while a determinable object is identifiable but not yet specific.
Tips
The Statute of Frauds is a legal concept that requires certain types of contracts to be in writing to be enforceable. It exists to prevent fraudulent claims and misunderstandings in contractual agreements. It can be waived if the parties do not raise it as a defense.
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