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 agreement is made.
B) When the money is paid.
C) When the car is delivered.
D) Ten days after the car is delivered and approved.
E) Twenty days after the car is delivered and approved.

Question

Quizplus · Accepted Answer

A contract becomes binding when an agreement is made, assuming all other elements of a contract (offer, acceptance, consideration, and intention to create legal relations) are present.

Patrick and Britt Are in Agreement That Patrick Will Pay