Examples of Unenforceable Oral Contracts Are

question 18

Multiple Choice

Examples of unenforceable oral contracts are:

• A)an oral promise to guarantee the additional duties of another.
• B)an oral agreement to substitute different land for that described in the original contract.
• C)an oral agreement to extend an employee's contract for six months to a total of two years.
• D)All of the above.
• E)(a) and (c), but not (b)

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Definitions:

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price over a specified period.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.