ContractsContract_essentialsHARD
A buyer and a seller sit at a kitchen table and verbally state to each other: the seller will convey 123 Main Street and the buyer will pay $400,000, with closing in thirty days. They shake hands. Several days later they sit down again, type those same terms onto a printed purchase agreement, and both sign it. The Statute of Frauds will affect whether the early oral version is enforceable, but as a matter of contract classification both versions share one defining characteristic — the parties communicated their full bargain in language. Which type of contract describes both versions?
Correct Answer
D) Express contract
The kitchen-table agreement and the later signed document share one feature: the parties communicated their entire bargain through actual language (spoken or typed). A contract whose terms are conveyed in language — oral or written — is an express contract.
Answer Options
A
AcceptanceB
Enforceable contractC
OfferD
Express contractWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
spoken bargainwritten agreementstated termsoral and writtencommunication classification
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