In Parker v.Glosson,concerning the proposed contract to buy a truck stop business,the courts held that:
A)a binding contract had been formed,even though only one of the Glossons had signed the Agreement
B)a binding contract was never formed because not all the parties signed as specified in the Agreement
C)there was no binding contract because the Glossons were not the true owners of the property
D)there was no binding contract because Parker did not have enough money to buy the property
E)there was no binding contract because the Agreement was unfair

Question

Quizplus · Accepted Answer

According to the facts presented, the Agreement specified that all parties must sign in order for a binding contract to be formed. Since only one of the Glossons signed, a binding contract was never formed. Therefore, choice B is correct. The other options are not supported by the facts presented.

In Parker V