Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by

Respuesta :

Under the Statue of Frauds, the agreement between Duane and Evans is not enforceable.

Why is the agreement not enforceable?

The Statue of Frauds is a law that posits that agreements that are valued at over $500 should be written down in order for them to be enforceable.

The land sale here was for forty acres of land which is definitely valued at more than $500. Seeing as the agreement was oral, it is in violation of the Statue of Frauds which means that it cannot be enforced.

Find out more on the Statue of Frauds at https://brainly.com/question/17127149.