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iren2701 [21]
2 years ago
14

Nina Parkhurst owned a ranch and asked her son, Doug Boykin, to move to it and manage it for her. Boykin and his wife moved to t

he ranch and managed it for several years. they talked with Parkhurst many times, urging her to transfer 49 percent of the ranch to them. Parkhurst said she had thought and talked about possibly transferring the ranch but had made no decision. the Boykins claimed they were on the ranch under an oral contract with Parkhurst and that the oral contract also entitled them to a 49 percent interest in the ranch. she sued them and asked the court to declare that there was no contract. was there a contract?
Business
1 answer:
Black_prince [1.1K]2 years ago
5 0

Answer:

No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).

Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.

Oral contracts is a spoken agreement between two parties that may be legally binding.

Breach of oral contract can be hard to prove since it is not written down.

An oral agreement between family members is not enough to be considered a contract.

Explanation:

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That is why Lisa Monroe, as the new CEO of the company, wants some innovative changes for the company to adapt to modern times, different consumers' necessities, and the fierce competition of other companies in the industry.

She made the decision to change the strategical approach of  Seymour Semiconductors. She has decided to lay off 1,000 employees. She has opted to hire temporary workers. With those decisions, she considers that the company will be able to grow again.

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Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
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A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni
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2 years ago
The government of Alfon believes that its citizens should have complete freedom in their economic and political pursuits, and th
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a. individualism.

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Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost
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The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.

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