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Question 14 5 pts Quality Manufacturing, Inc., and Regional Sales Corporation orally agree to several contracts. Most likely
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Answer #1

A Collateral Promise

Quality Manufacturing, Inc., and Regional Sales Corporation orally agree to several contracts. Most likely enforceable is an oral contract involving a collateral Promise

The following must be written contracts instead of Oral Contracts. These are called statue of frauds which are exceptions to enforceability of oral contracts. These must be written contracts in order to be enforceable

>> a sale that cannot be completed within a year

>> a sale of land

>> a sale of goods for $400

>> payment of debt

>> Real Estate sales

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