To be enforceable, a memorandum evidencing an oral contract must include the essential terms of the contract.

Name: To be enforceable, a memorandum evidencing an oral contract must include the essential terms of the contract.
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Question

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A memorandum must include essential terms to provide a clear understanding of the agreement and to satisfy the Statute of Frauds, which requires certain contracts to be in writing to be enforceable.

To Be Enforceable, a Memorandum Evidencing an Oral Contract Must