Donald and Etta orally agree on the sale of Donald's Electrical Supplies Company to Etta and jot down the terms on the back of one of Donald's blank invoices, which they both sign. A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain

Question

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A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain the essential terms, which includes the subject matter of the contract, the price, and the parties involved. Preliminary and qualitative terms are not essential and could vary depending on the specific agreement. All terms may not be necessary, as long as the essential terms are included.

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