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Oral Contract Basics

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Questions and Answers

What is an oral contract in terms of its legality?

Dependent on written agreements

Not legal

Conditional on payments

Legal (correct)

What can be said about an oral contract in terms of its enforcement?

It is always enforceable (correct)

It is enforceable only if a witness is present

It is only enforceable if in writing

It is never enforceable

Is an oral contract typically exchanged for money?

No, it is not for money (correct)

Maybe, it depends on the situation

Yes, it is always for money

Only if it is a large amount

What is true about the nature of an oral contract?

It is a verbal agreement Signup and view all the answers

What is the status of an oral contract in regards to its validity?

It is always valid Signup and view all the answers

Quel est le statut d'un contrat oral en ce qui concerne sa preuve?

Il nécessite une preuve écrite. Signup and view all the answers

Quel est le rôle des tribunaux dans les contrats partenaires?

Ils peuvent interpréter les contrats partenaires. Signup and view all the answers

Qu'est-ce que défense de contrat signifie?

Défendre un contrat contre une attaque. Signup and view all the answers

Quel est le rôle des contrats LLC dans les affaires commerciales?

Ils sont utilisés pour protéger les biens personnels des actionnaires. Signup and view all the answers

Qu'est-ce que la Cour peut faire si un contrat est contesté?

Interpréter le contrat en fonction des faits présentés. Signup and view all the answers

Study Notes

An oral contract is _______ Responses Not for money Not for money Legal Legal Not enforceable Not enforceable Not legal

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Description

Understand the fundamentals of oral contracts, including their legality and enforceability. Test your knowledge of contracts and agreements.