A publisher makes an oral deal with an author, where the author agrees to write a new "Introduction to Marketing" book. They agree that the book is due in two years. In this scenario, the contract is most likely to be _____.
A) legally enforceable
B) unenforceable
C) rescinded by a court
D) illegal

Question

Quizplus · Accepted Answer

In the above scenario, the contract between the publisher and the author is unenforceable. Long-term bilateral contracts must be in writing because contracts that call for performance over a considerable period of time (more than a year) increase the risk of faulty or willfully inaccurate recollection of their terms in subsequent disputes.

A Publisher Makes an Oral Deal with an Author, Where