Don and Evon orally agree on the sale of Don's Electrical Supplies Company to Evon 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

Question

Quizplus · Accepted Answer

The written memorandum must contain the essential terms of the oral contract, which includes the parties involved, subject matter, price, and any other material terms necessary for the contract to be enforceable. Preliminary and qualitative terms may be helpful, but they are not essential for the enforceability of the contract. Therefore, choice B is the correct answer.

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