Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Background: After a 30year career as a shipping logistics executive, Ishmael retired and began to offer his services as a logistics consultant. Ishmael entered into

image text in transcribed
Background: After a 30year 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 8- No because it is for more than 5500 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How China Escaped Shock Therapy The Market Reform Debate

Authors: Isabella M Weber

1st Edition

0429953968, 9780429953965

More Books

Students also viewed these Economics questions

Question

What do you call your problem (or illness or distress)?

Answered: 1 week ago

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago