Claire Lawrence

Business

20 October, 18:39

Assume at the end of the meeting between Jack, Hal, and Sophia, they orally agree to enter into three separate contracts. One contract is for the sale of the intellectual property of the restaurant itself for $1,000,000. The second contract is for the sale of the building that the restaurant is located in for $250,000. The third contract is for the original sign that was outside the restaurant that Jack currently has in his garage, for $400. Which of these agreements violates the Statute of Frauds?

a. The sale of the building and the sale of intellectual property.

b. The sale of the intellectual property and the sale of the sign.

c. All of the agreements violate the Statute of Frauds.

d. The sale of the building only.