1a.. Ed and his wife June bought a parcel of land from Jim. The contract was for
ID: 420153 • Letter: 1
Question
1a.. Ed and his wife June bought a parcel of land from Jim. The contract was for the "real property" located at 2929 South Street. On the parcel were a house, a storage shed, and an above-ground pool. The shed had electrical wiring and was bolted to a concrete slab in eight places. The pool was empty of water and had not been connected to water or electricity for some time. Inside the house on the day that Ed and June made their home inspection were expensive ceiling fans, marble floors, and two large Persian rugs.
Was the contract for the sale of the property required to be in writing?
A
-Yes, because it was for the sale of real property
B
-Yes, because the contract exceeds the dollar amount of the Statute of Frauds
C
-No, because the Statute of Frauds does not apply to residential home sales
D
-No, because Ed and June were offerees and Jim was the offeror
1b. In Florida, what form of ownership would Ed and June probably use to take title to the property?
A
-Marital property
B
-Tenancy by the entireties
C
-Tenancy in common
D
-Community property
1c. What real property was included in the sale?
A
-House, shed, pool, rugs
B
-House, shed, marble floors
C
-House, pool, ceiling fans
D
-House, shed, rugs
1d. What remedy would be available to Ed and June if they show up to their new house and all the marble floors have been replaced with inexpensive vinyl flooring?
A
-No remedy available, since the value of the wood flooring is equal to the value of the marble flooring
B
-No remedy available, because the marble flooring was not specifically listed in the contract
C
-Sue for damages in civil court under the Statute of Frauds
D
-Sue for damages on the contract
A
-Yes, because it was for the sale of real property
B
-Yes, because the contract exceeds the dollar amount of the Statute of Frauds
C
-No, because the Statute of Frauds does not apply to residential home sales
D
-No, because Ed and June were offerees and Jim was the offeror
Explanation / Answer
Q1a) Answer is - A) Yes, because it was for the sale of real property
Q1b) Answer is - B) Tenancy by the entireties
Q1c) Answer is - B) House, shed, marble floors
Q1d) Answer is - B) No remedy available, because the marble flooring was not specifically listed in the contract
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