Mr.Green and Mr.Blue contract orally to transfer 500 widgets for $1,000.Mr.Blue sends Mr.Green a receipt one week after the agreement.If Mr.Green now refuses to recognize the agreement a court will find what?
A)That a memorandum of agreement was created by the receipt sent by Mr.Blue and an enforceable agreement exists
B)That no agreement exists because there is no typed agreement according to the statute of frauds
C)There is no enforceable agreement because the receipt was not sent at the same time as the agreement
D)The agreement is not enforceable because the Secretary of State did not approve the agreement

Question

Quizplus · Accepted Answer

A memorandum of agreement need not be issued at the time of the agreement and it can take the form of an informal document like a receipt.

MrGreen and Mr