Question

Chloe files a suit against Digital Associates, Inc. (DAI), to enforce acontract. The only written evidence of the contract is a memo onDAI’s letterhead as signed by a DAI officer in its files. The contractcan be enforced if the memo includesa.
a correct title, such as "Chloe-DAI Contract."
b.all essential terms.
c.a statement of the consideration.
d.the parties’ addresses

Answer 1

The given statement gives all the essential terms.

Option b

Explanation:

It needs to include all essential terms because of memorandum can be used for contracts between two or more parties it must include all the essential terms. It will bind the parties together. A contract is a legal agreement between two parties for protection from happening any kind of illegal activities by both of them.

If the contract breached by one party another party can take legal actions against the first one. The court can enforce to take action against misdid of one party.