Legal Concepts41) Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000.Chelsea pays him $100,000 and moves in. A month later, Jonas learns that his state requirescontracts for the lease of goods with payments of $1,000 or more to be writing. Which of thefollowing options does either party have?A) Jonas can evict Chelsea as the contract does not comply with the Statute of Frauds and ishence void.B) The contract cannot be rescinded by either party as it has already been executed.C) Chelsea can rescind the contract on the grounds of noncompliance with the Statute of Frauds.D) Jonas can rescind the contract on the grounds of noncompliance with the Statute of Frauds.

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!