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Feliz [49]
2 years ago
12

Suppose that a week after Vollmer gave Lang the funds, she sent him an e-mail containing the terms of their loan agreement with

her named typed at the bottom. Lang did not respond to the e-mail. Is this sufficient as a writing under the Statute of Frauds?
Business
1 answer:
Luden [163]2 years ago
3 0

According to the Statute of Fraud, parties entering into a legal agreement must put their agreement in writing. This is one of the fundamental elements of a legal agreement.

Additionally, it needs to be properly signed by both parties to the agreement, or at the very least, legal agreement needs the signature of the person paying for the products or services.

First off, in this situation Vollmer didn't write down the terms and conditions on paper; instead, she sent a message via email, which the legal agreement could not sign and approve. In the end, since the receiving party cannot sign it, the contract is invalid under the Statute of Fraud. Since Lang is being released from the financial obligation, his signature is crucial in this situation.

Thus, a written agreement is not legally binding.

Learn more about legal agreement here

brainly.com/question/15063063

#SPJ9

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