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

Question

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

Quizplus · Accepted Answer

A written memorandum must contain the essential terms of the contract to be enforceable, such as the parties involved, the subject matter, and the consideration.

Carl and Debra Orally Agree on the Sale of Carl's