Description
Steve buys a house from Jim. There is no written contract. However, Steve pays the purchase price, moves onto the property, and begins to build a new garage. Jim seeks to evict Steve from the property stating that there was never a valid contract. Is Jim likely to succeed? Why or why not?
Explanation & Answer
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Well Jim will succeed as there is no proof that he received any payments.
For a purchase or contract to be enforceable, there must be valid documentation in respect to the property being purchased and witnessed by a lawyer.
For the above case, Steve will lose funds paid and will be ejected from the house by Jim.
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