On June 1, Mel, the owner of Fresco Organico, asks Ray to deliver Frescos menu items to
Question:
On June 1, Mel, the owner of Fresco Organico, asks Ray to deliver Fresco’s menu items to customers on State University’s campus until June 15, which is the final day of the spring semester. Ray says he’ll do it if Mel agrees to pay him a certain hourly wage or $500 plus tips, whichever is more. Mel agrees. Nothing is put in writing.
Is this oral agreement enforceable? Yes. A contract that is oral when it is required to be in writing will not, as a rule, be enforced by the courts. Mel and Ray’s agreement, however, does not fall into any of the categories listed below and is thus enforceable despite the lack of a writing.
The following types of contracts must be in writing or be evidenced by a written memorandum: (1) contracts involving interests in ______________, (2) contracts that cannot by their terms be performed within one ______________ from the day after the contract’s formation,
(3) ______________ promises, (4) promises made in consideration of ______________, and (5) contracts for the sale of ______________ priced at $500 or more.
Step by Step Answer:
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell