Asked by
Hunter Winkel
on Nov 27, 2024
Verified
Rough Canyon Adventures Inc. and Swampcraft Inc. enter into an oral contract for Swampcraft's sale to Rough of five rafts for $2,000 each. Before Rough takes possession of the rafts, this contract is enforceable by
A) Swampcraft only.
B) Rough only.
C) any interested third party, such as a Rough tour guide or client.
D) none of the choices.
Oral Contract
A verbal agreement between parties that is legally binding, though more difficult to prove than a written contract.
Sale
The act of selling or exchanging goods or services for money or other compensation.
Rafts
Platforms or structures made of buoyant materials, often wood, used for transport or as a floating base.
- Grasp the implications of verbal commitments and the circumstances that warrant their legitimacy.
Verified Answer
HG
Learning Objectives
- Grasp the implications of verbal commitments and the circumstances that warrant their legitimacy.