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Statute of Frauds Fritz (Case Study Sample)

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Title: Business Law
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14.1 Statute of Frauds Fritz
This involves the sale of property under the statute of fraud. In a contract of credit sale, the ownership in property or the title passes on to the buyer after the final payment. As such in this case the title of the property does not pass to the buyers. Also the fact that the documents had not been executed by the other side leaves no contract between the parties. In this case therefore, Hoffman and Frey have no actionable claim against the new buyer nor are they bound for any remedy under the specific performance.
14.8 Sufficiency of Writing
In this case, Levin and Lipton on one hand and Philip show their intention to enter into a contract for the purchase of San Diego Clippers. Though they drafted a memorandum during their meeting this does not initiate a contract between them. This is only an offer: an expression of willingness to contract in definite terms once such terms are accepted. It manifests...
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