Law for business – chapter 17 formalities of a sale

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Law for business - chapter 17 formalities of a sale

Joseph Kiser agreed to sell James Casazza his sailboat. On separate pieces of paper, each wrote down the details of their discussions that led to their agreement. Casazza typed up an agreement that had a sale price of $200,000 and required a marine survey, sea trial, and replacement of the mast step. Kiser did not sign this agreement. They both executed a software license transfer contract for navigational software. This contract did not refer to the boat. After Casazza arranged for a marine survey and got an estimate for mast step repair, Kiser told him he would not sell him the boat. Casazza sued. Was there an agreement sufficient to satisfy the Statute of Frauds?

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