Question

An oral contract can be enforced when it relates to: a. the purchase of a television set for $200 b. the sale of an interest in land for $400 c. managing a factory for five years d. a promise to answer for the debt of another

Answer 1

a. the purchase of a television set for $200

Step-by-step explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

In some cases, parties going into a business with one another use an oral contract to bind their business transactions.

An oral contract can be defined as an agreement between two or more parties (group of people) through spoken words or oral communications only rather than having a written agreement.

In the event of a breach of contract by one of the parties involved, it may be difficult to prove terms and conditions binding the contracts. Therefore, it most likely to be used in a simple business transactions.

For example, an oral contract can be enforced when it relates to the purchase of a television set for $200 because it is considered to be a little business agreement or transaction.