The parties to a contract are sometimes called the: payor and payee. promisor and promisee. receivor and receivee. contractor and contractee. Which of the following contracts need NOT be in writing? A lease that will expire in 10 months A listing agreement An agreement for the sale, exchange, or an interest in real property An assumption of a mortgage or deed of trust When a person offers to perform his or her side of the bargain, it is called a: repudiation. tender. redress. performance clause. A person who wants to withdraw from a contract should request a(n): assignment. accord. pardon. novation