Question

SOF apply? [50 Cent alleges that W orally agreed to sell him the Crawford ranch for $4,000,000. 50 Cent alleges that W orally agreed to lease him a cabin on the ranch. Builder alleges that W orally agreed to have him build a fence around his ranch.] Oral agreement often implies SOF W authorizes an agent to sell the ranch. Must the agent's authorization be in writing?

Answer 1

The agent's authorization to sell the ranch does not need to be in writing, but the agreement between 50 Cent and W regarding the sale of the ranch needs to be in writing.

Step-by-step explanation:

According to the Statute of Frauds (SOF), certain agreements need to be in writing to be enforceable. One example is an agreement to sell real property, like the Crawford ranch in this case. If 50 Cent alleges that W orally agreed to sell him the ranch, then this would usually be unenforceable under the SOF, unless there is an exception.

However, the question asks about whether W authorizing an agent to sell the ranch needs to be in writing. In general, the agent's authorization does not need to be in writing for the agreement to be enforceable. The key requirement for the SOF is that the agreement between the parties needs to be in writing, but the authorization of an agent does not carry the same requirement.

Therefore, in this situation, the agent's authorization does not need to be in writing for the agreement to be enforceable, but the agreement between 50 Cent and W regarding the sale of the ranch would need to be in writing to be enforceable under the SOF.