Fact Pattern 14-1 (Questions 26-27 apply)
Macho Marketing, Inc., and Nacho Food Corporation (NFC) discuss the terms of a contract. Macho faxes NFC a memo on Macho’s letterhead that summarizes the items on which they agree, including a two-year term. NFC begins to perform, but Macho refuses to pay. NFC begins to perform, but Macro refuses to pay.

-Refer to Fact Pattern 14-1.Between Macho and NFC,the memo is
A)an oral contract.
B)a pre-contract.
C)a written contract.
D)no contract.

Question

Fact Pattern 14-1 (Questions 26-27 apply)
Macho Marketing, Inc., and Nacho Food Corporation (NFC) discuss the terms of a contract. Macho faxes NFC a memo on Macho’s letterhead that summarizes the items on which they agree, including a two-year term. NFC begins to perform, but Macho refuses to pay. NFC begins to perform, but Macro refuses to pay.

-Refer to Fact Pattern 14-1.Between Macho and NFC,the memo is
A)an oral contract.
B)a pre-contract.
C)a written contract.
D)no contract.

Quizplus · Accepted Answer

The memo that Macho faxed to NFC summarizes the terms of the contract they discussed. This memo is on Macho's letterhead, which implies that it is a written document. Therefore, it can be classified as a written contract.

Fact Pattern 14-1 (Questions 26-27 Apply)