Question

An oral contract for $300 item is enforceable True or false

Answer 1

Answer:

True.

Explanation:

If both parties agree to the contract, they both have to keep their end of the deal.

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Answer 2

It's accurate to say this. An oral contract involving specifically produced items is enforceable in these circumstances without a written document under the UCC statute of frauds.

Can you enforce a verbal contract?

As long as the fundamental components of a contract—an offer, an acceptance, a transfer of consideration, and an agreement on the terms of the contract—are present, oral agreements will typically be upheld in court. An oral contract can be enforced even if non-essential conditions have not been agreed upon.

Is an oral agreement still binding?

A handshake agreement may nevertheless qualify as a contract and be upheld by a court, albeit frequently with difficulty. However, verbal agreements might leave room for ambiguity regarding the rights and obligations of each participant. If you don't have anything on a paper outlining what you both agreed to accomplish, a disagreement could occur.

Learn more about oral contract: brainly.com/question/15104947

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