Chapter 16 discusses the Statute of Frauds, law enacted by legislative process that requires certain types of contracts must be in writing to be enforceable. This is what is referred to as a formal contract .

In December 2020, Mr. and Mrs. Wentworth placed their house on the market. Mr. Collings made an offer in September 2021. The parties signed a contract for the sale and Mr. Collings paid a deposit of $6,000. In October 2021, the Wentworths changed their minds and no longer intend to sell their house. They said they would return the deposit. Mr. Collings is fully prepared to pay the remaining balance for the purchase of the home as stated in the contract. Mr. Collings says he will not cancel the contract.

Is there a breach of contract? Does Mr. Collings have any legal action available to him in this situation? What remedies would be available to Mr. Collings?