Suppose that Dakiyah promises to pay Fernando $300 for his television.Fernando promises to sell Dakiyah his television for $300.The parties have not documented the transaction in writing.Which of the following is an accurate statement regarding this arrangement?

Question

Quizplus · Accepted Answer

In this example,an oral contract was created.Dakiyah's promise to pay Fernando $300 for the television is her consideration to Fernando.Fernando's promise to sell Dakiyah the television for $300 is his consideration to Dakiyah.There has been a mutual exchange of something of value-a promise to pay $300 and a promise to sell the television for $300.

Suppose That Dakiyah Promises to Pay Fernando $300 for His