Mr. Rashid verbally agrees to sell his farm house to Mr. Salman for Rs 3 crores. Later he communicated again to Mr. Salman and said that I don’t want to sell my farm house at the moment. The above contract is an example of Unenforceable contract. Answer as YES OR No? Give reason to support your answer in part a.

Mr. Rashid verbally agrees to sell his farm house to Mr. Salman for Rs 3 crores. Later he communicated again to Mr. Salman and said that I don’t want to sell my farm house at the moment. The above contract is an example of Unenforceable contract. Answer as YES OR No? Give reason to support your answer in part a.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.6P

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