Oral contracts can never be:
A) executory.
B) express.
C) formal.
D) bilateral.
E) valid.

Name: Oral contracts can never be: A) executory. B) express. C) formal. D) bilateral. E) valid.
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Question

Quizplus · Accepted Answer

Oral contracts can be valid, express, executory, and bilateral, but they are informal by nature. Formal contracts are written documents, while oral contracts rely on verbal communication and may lack the level of detail and formality of written agreements.

Oral Contracts Can Never Be