Amy purchased 20 acres of land from Ben. Since Amy was immediately leaving the country to serve
Question:
Amy purchased 20 acres of land from Ben. Since Amy was immediately leaving the country to serve in the Peace Corps for two years and was unable to attend the closing, she ask Ben to deed the property to her close friend, Sally. Ben conveyed the property by deed to sally in her name. When Amy returns, Sally refuses to turn over the property and claims the property was a gift to her from Amy. Any denies the property was a gift and demands that Sally return the property. Answer and explain the following:
Since real property (land) is involved in the case, does the Statute of Frauds apply?
In this case, can parol evidence be used to determine whether or not a resulting trust is established?
If Amy and Sally go to court, what methods might a court use to decide whether Sally
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren