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

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

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

Quizplus · Accepted Answer

According to the statute of frauds, a memorandum evidencing an oral contract must include the essential terms, such as the names of the parties, the subject matter, the price, and the terms of payment. Without these essential terms, the contract may not be enforceable.

To Be Enforceable, a Memorandum Evidencing an Oral Contract Must