Question
Background: After a 30-year career as a shipping logistics executive, Ishmael retired and began to offer his services as a logistics consultant. Ishmael entered into
Background: After a 30-year career as a shipping logistics executive, Ishmael retired and began to offer his services as a logistics consultant. Ishmael entered into a consulting contract with the general manager at ExportCo to provide logistical advice to the company for 12 months. The parties agreed in the contract that Export will pay Ishmael $5,000 per month on the last day of each month. Ishmael promised to devote "100 percent of his professional time" to Export for a period of at least eight consecutive.
The agreement between Ishamel and Export CO. was not in writing. Is it enforceable?
A- yes, because no contract has to be in writing
B- No because it is for more than $500
C- Yes because it is for a service that can be completed within one year
D- No because it is a contract to pay another debt
E- No because all contracts must be in writing
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