D Question 65 3 pts JT Tidwell entered into an oral contrac

D | Question 65 3 pts J.T. Tidwell entered into an oral contract with Robert Anthony for the purchase of 100 head of cattl at a price of $500 each. When the oral contract was made, Tidwell gave Anthony a check for $1000 as \"earnest money or good faith money towards the purchase of the cattle Anthony sold the cattle to someone else. Tidwell sued, asking the cout to either Anthony to perform the contract or to pay damages that Tidvell suftfered from the alleged breach of coutract What issues do you see and how would you resolve those issues? HTML Editor Paragraph0 0 words

Solution

This is a fraud or false contract. According to law, Contract of sale of goods should be in writing if the purchase price is more than $500 also it should be signed by defendant. Here the purchase price is $50000 (100*$500). This contract falls in the category of \"Statue of fraud\"