Oral Contracts - Buying the Farm - Essay Example

In the case of Tim to purchase a farm from Mary Ann and complete the arrangement on oral ground is a contract that is not enforceable as it is against the statute of frauds which require some contracts to be in writing and should be signed by all parties who are to be bound by the contract (Hinkel, 2007). This is to prevent injury of any party due to any fraudulent conduct (Hinkel, 2007).

The contract between Tim and Mary Ann, which involves the transactions on a farm, is not enforceable because the following conditions were not met, there was no legal capacity of the parties into the contract because the contract was made contrary to what the law provides, there was lack of mutual agreement as the parties failed to agree on a written platform, the oral contract lacked the lawful purpose and intention as the contract was arrived at, contrary to the laws (Hinkel, 2007). Lastly, the contract lacked a written agreement, which is provided in the statute of frauds which demands such contracts to be in writing (Hinkel, 2007). These conditions make the contract invalid and unenforceable.

In conclusion, the oral contract between Tim and Mary Ann could not be enforced under the agreements of the sale of the property.