A farmer needed to offload a very small parcel of land for $…
A farmer needed to offload a very small parcel of land for $495. Fred, his neighbor, expressed interest in buying it. Fred met the farmer on the land to get a tour. “I will take it,” said Fred. “Great news!” said the farmer. “In 363 days from today, after my final harvest, let’s meet so that you can give me the $495 in cash, and I can officially transfer the title over to you.” The two shook hands but never put any of this deal in writing. Three hundred sixty-three days later, Fred called the farmer to get him the $495, but the farmer refused to go through with the deal. If Fred brings a breach of contract lawsuit against the farmer, does the farmer have a viable statute of frauds defense?