Monkeytown Playground Supplies has negotiated an oral agreement with a highly reputable toy store to deliver $10,000 worth of product to the store for resale.Why should Monkeytown insist that the agreement be put in writing?
A) because oral contracts are unenforceable
B) because personnel can change and memories can be selective and self-serving
C) because a lawsuit cannot be based on an oral agreement
D) because the toy store can cancel the agreement unless it is in writing

Question

Quizplus · Accepted Answer

Oral contracts can be enforceable, but written contracts are preferred for clarity and to avoid misunderstandings, especially in business transactions where details are critical and can be forgotten or misinterpreted over time. Personnel changes and selective memories can lead to disputes about the terms of the agreement.

Monkeytown Playground Supplies Has Negotiated an Oral Agreement with a Highly