Skye,who is unaware of Nathan's mental incompetency,enters into an agreement with Nathan to paint her house.Skye does not know that Nathan has been adjudged insane by a court of law and therefore is angry at him for not finishing the work on time.This agreement between Skye and Nathan is an example of a(n) _____ contract.

Question

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When an offeror promises to keep an offer open for a specified period and,in return,the offeree pays consideration (usually money),the parties have created an option contract,which is a separate agreement and is enforceable by its terms.It refers to a type of offer that cannot be revoked.

Skye,who Is Unaware of Nathan's Mental Incompetency,enters into an Agreement