Fact Pattern 10-3
Grain Co-op, LLC and Hearty Cereals, Inc., discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay.
-Refer to Fact Pattern 10-3. Between Grain and Hearty, there is
A) an oral contract only.
B) a pre-contract only.
C) a written contract.
D) no contract.

Question

Fact Pattern 10-3 
Grain Co-op, LLC and Hearty Cereals, Inc., discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay.
-Refer to Fact Pattern 10-3. Between Grain and Hearty, there is​
A) ​an oral contract only.
B) ​a pre-contract only.
C) ​a written contract.
D) ​no contract.

Quizplus · Accepted Answer

The fact pattern states that Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed. This meets the criteria for a written contract as it contains the essential elements of an offer, acceptance, and consideration.