Statute Of Frauds In Land Sales
Billy sells a parcel of land to Sally for $20,000. After the transaction is finalized, Sally has the property surveyed and discovers that the lot is smaller than Billy had advertised. Is this contract governed by the statute of frauds?
A
Yes; the statute of frauds applies to any sale over $5,000.
B
No; the statute of frauds only applies to sales under $1,000.
C
Yes; the statute of frauds applies to the sale of land.
D
No; the statute of frauds does not apply to the sale of land.
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