Question 1

Lisa owns an apartment building. She orally leases an apartment to Tina "for 5 years, with rents to be paid on the first of every month." Is this lease enforceable under these terms?

Question 2

Lisa owns an apartment building. She and Tina agree that Tina will buy a specific apartment in the building for $50,000. They commit the contract to writing, but the contract does not list the agreed on price. Both parties sign the agreement. Later, Tina changes her mind and refuses to pay for the apartment. Lisa wants to enforce the contract. Can she?

Question 3

Homer orally agrees to sell Blackacre to Smithers for $500,000. Smithers pays Homer the $500,000 and then moves onto Blackacre. Two months later, Homer changes his mind and demands that Smithers move off of Blackacre and he offers Smithers his money back. Smithers refuses, saying that there was a valid contract for the transfer of Blackacre. Homer claims that the contract violates the Statute of Frauds and so he is entitled to take back Blackacre. Who will win?

Question 4

Bart wants to sell his house. He hires Lisa to broker the sale of the house and he sets a purchase price for the house of $400,000. Lisa is to get a 6% commission. Lisa puts advertisements in the newspaper and uses other avenues to find a buyer. Eventually, Lisa puts Bart in contact with Apu, who contracts to buy Bart's house for $400,000. However, before the closing, Apu moves to India and fails to go through with the contract. Lisa sues Bart for $24,000. Under the traditional rule, can she recover?

Question 5

Bart wants to sell his house. He hires Lisa to broker the sale of the house and he sets a purchase price for the house of $400,000. Lisa is to get a 6% commission. Lisa puts advertisements in the newspaper and uses other avenues to find a buyer. Eventually, Lisa puts Bart in contact with Apu, who contracts to buy Bart's house for $400,000. However, before the closing, Bart backs out and refuses to go through with the contract. Lisa sues Bart for $24,000. Under the "modern" (minority) rule, can she recover?

Question 6

Al contracts to sell Blackacre to Brenda for $200,000. At closing time, Brenda announces that she will not go through with the purchase because she did a title search and did not find Al's name anywhere in the records of the history of Blackacre. Al claims that the reason for this is that he acquired Blackacre through adverse possession. Brenda says that this is not good enough. Al sues Brenda for breach of contract. Who will win?

Question 7

Al contracts to sell Blackacre to Brenda for $200,000. The contract is signed on January 1 and the closing is set for April 1. On March 1, who owns Blackacre?

Question 8

Al contracts to sell Blackacre to Brenda for $200,000. The contract is signed on January 1 and the closing is set for April 1. On March 1, a hurricane destroys a structure on Blackacre and reduces its fair market value to $100,000. At the closing, Brenda claims that she should only have to pay $100,000. Is she correct?

Question 9

Al contracts to sell Blackacre to Brenda for $200,000. The contract is signed on January 1 and the closing is set for April 1. In March, the price of real estate shoots up and Blackacre is now worth $300,000. On April 1, Al refuses to turn over Blackacre to Brenda. Brenda sues Al for breach of contract. What will be the most likely result?