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On May 1, Dix and Wilk entered into an oral agreement by which Dix agreed to purchase a small parcel of land from Wilk for $450. Dix paid Wilk $100 as a deposit. The following day, Wilk received another offer to purchase the land for $650, the fair market value. Wilk immediately notified Dix that Wilk would not sell the land for $450. If Dix sues Wilk for specific performance, Dix will A. Lose, because the agreement was not in writing and signed by Wilk. B. Lose, because the fair market value of the land is over $500. C. Prevail, because there was part performance. D. Prevail, because the amount of the contract was less than $500. |