Stef and Tyler agree in an exchange of e-mail to form a partnership to buy and sell real property. Their partnership agreement is legally binding
A)only if a copy of the agreement is filed in the appropriate state office.
B)only if the agreement is printed in hard copy and signed by the parties.
C)only if the parties exchange valid consideration.
D)without more.

Question

Quizplus · Accepted Answer

Partnership agreements, including those for buying and selling real property, can be legally binding without needing to be filed in a state office, printed in hard copy, or signed by the parties. The key element is the agreement itself, which can be formed through various means, including verbally or via electronic communication like email. As long as the essential elements of a contract are met (offer, acceptance, intention to create legal relations, and consideration), the agreement can be considered legally binding.

Stef and Tyler Agree in an Exchange of E-Mail to Form