What types of contracts fall within the statute of frauds? 2. Barney Beatum is a 50...

What types of contracts fall within the statute of frauds?

2. Barney Beatum is a 50 year old billionaire who has attained his fortune by questionable means. Barney falls in love with a beautiful, but poor farmer’s daughter named Rose Bloom. Barney proposes marriage to Rose and she turns him down flat. So, Barney goes to Rose’s father and tells him that if Rose agrees to marry him, he will give her a large tract of farming land and her family can live on her land for free. Rose’s father pleads with her to reconsider and marry Barney. Barney shows Rose the tract of land he has agreed to give to her if they marry, and she starts to see some of his good qualities. After they are married, Barney refuses to deliver the deed to the property to Rose.

a. List the 5 types of contracts that must be in writing in order to be

enforceable.

b. If Rose sues Barney for the deed to the land, will she be successful? Why or

why not.

Solutions

Expert Solution

Following are the types of contracts fall within the statute of frauds:

Contracts involving interest in land
Contracts that cannot by their terms be performed within one year from the day after he date of formation
Collateral contracts, such as promises to answer for or guaranty the debt or duty of another person.
Promises made in consideration of marriage
Contracts for the sale of goods valued at $500 or more.

Following is List of 5 types of contracts that must be in writing in order to be enforceable

Agreements to pay someone else's debts.
Real estate leases for longer than one year.
Contracts that will last longer than the life of the party performing the contract.
A transfer of property at the death of the party performing the contract.
Contracts that take longer than one year to complete.

If Rose sues Barney for the deed to the land, will she be successful because When one party promises something to the other as part of an offer of marriage, the contract must be in writing to be enforceable. Sometimes couples—especially rich people like movie stars—execute written property settlement agreements to satisfy the statute, stipulating how their assets will be treated upon marriage or upon divorce or death. If done before marriage, they are called prenuptial (premarital) agreements.

However, courts are free to make equitable adjustments of property of the marriage to avoid an injustice.

ekkarill92 answered 9 months ago

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