Patrick and Britt are in agreement that Patrick will pay Britt $2,000 for a used vehicle.At what point is there a binding contract?
A)When the money is paid.
B)Twenty days after the car is delivered and approved.
C)When the agreement is made.
D)Ten days after the car is delivered and approved.
E)When the car is delivered.

Question

Quizplus · Accepted Answer

A)As soon as the promises are exchanged,a contract is formed,and the parties'
legal obligations arise.
B)As soon as the promises are exchanged,a contract is formed,and the parties' legal obligations arise.
C)As soon as the promises are exchanged,a contract is formed,and the parties' legal obligations arise.
D)As soon as the promises are exchanged,a contract is formed,and the parties' legal obligations arise.
E)As soon as the promises are exchanged,a contract is formed,and the parties' legal obligations arise.

Patrick and Britt Are in Agreement That Patrick Will Pay