Question

Will and kendrick live in a state that requires that contracts involving transactions over $500 be in writing. if they enter a verbal agreement to buy a car for $1,500, this contract is

Answer 1

The type of contract that Will and Kendrick have is an unenforceable contract. Since the law states all transactions over $500 must be in writing, this voids any agreement that they have made. So, if the car is not bought, there is nothing a court of law can do.