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3 October, 19:21

Rough Hewn Lumber Company orally contracts with Joe for the purchase of five acres of Joe's timberland. Joe makes the transfer but Rough Hewn does not pay the price. The lack of a written contract could bar enforcement of this deal. If so, Joe could most likely recover on a theory of

a. liquidated damages

b. quasi contract

c. reformation

d. restitution

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Answers (1)
  1. 3 October, 22:53
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    b. quasi contract

    Explanation:

    -Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.

    -Quasi contract is an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.

    -Reformation is a change made by a court in a document when one party that participates in it makes a request.

    -Restitution is when someone receives a compensation for a loss or an injury.

    According to the options given and the definitions, the answer is quasi contract.
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Home » Business » Rough Hewn Lumber Company orally contracts with Joe for the purchase of five acres of Joe's timberland. Joe makes the transfer but Rough Hewn does not pay the price. The lack of a written contract could bar enforcement of this deal.
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