Barney Beatum is a 50 year old billionaire who has attained his fortune by questionable means. Barney
Question:
Barney Beatum is a 50 year old billionaire who has attained his fortune by questionable means. Barney falls in love with a beautiful, but poor farmer’s daughter named Rose Bloom. Barney proposes marriage to Rose and she turns him down flat. So, Barney goes to Rose’s father and tells him that if Rose agrees to marry him, he will give her a large tract of farming land and her family can live on her land for free. Rose’s father pleads with her to reconsider and marry Barney. Barney shows Rose the tract of land he has agreed to give to her if they marry, and she starts to see some of his good qualities. After they are married, Barney refuses to deliver the deed to the property to Rose.
a. List the 5 types of contracts that must be in writing in order to be enforceable.
b. If Rose sues Barney for the deed to the land, will she be successful? Why or why not.
Concepts in Federal Taxation 2017
ISBN: 9781305965119
24th edition
Authors: Kevin E. Murphy, Mark Higgins