Don and Etta orally agree on the sale of Don's Electrical Supplies Company to Etta and jot down the terms on the back of one of Don's blank invoices,which they both sign. A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain
A)every term.
B)the essential terms.
C)the preliminary terms.
D)the qualitative terms.

Question

Quizplus · Accepted Answer

A written memorandum must contain the essential terms of the agreement, such as the parties' identities, the subject matter, and the purchase price. It does not need to include every single term or preliminary or qualitative terms.

Don and Etta Orally Agree on the Sale of Don's