Question

A memorandum evidencing an oral contract must give some indication that the parties agreed to the terms. under most state laws, the writing also must name the parties and identify the , the consideration, and the essential terms with certainty. in addition, contract for land must state the and describe the property with sufficient to allow the terms to be determined without reference to outside sources.

Answer 1

There are blanks to fill in the paragraph.

A memorandum evidencing an oral contract must give some indication that the parties agreed "voluntarily" to the terms. under most state laws, the writing also must name the parties and identify the "subject matter", the consideration, and the essential terms with  "reasonable" certainty. in addition, contract for land must state the "price" and describe the property with sufficient "clarity" to allow the terms to be determined without reference to outside sources.