Joe and Liz are negotiating the sale of a retail store. They make an oral agreement, but Liz says that the sale is still conditional upon an appropriate written agreement being prepared and signed. How would a court view their oral agreement?

a) The oral agreement will not be legally binding, because oral agreements are never binding.

b) The case of Wakeling v Ripley will be applied to determine whether the oral agreement is bindig.

c) The oral agreement may not be binding, depending upon whether both parties already intended to be legally bound