Examlex
Wesley is serving a 10-month sentence for driving while impaired.Although this is Wesley's second conviction,he has never served time before and is overwhelmed.He regrets his crime and does not know whom to trust.He plans to seek help in a treatment facility upon his release.Which of the following statements regarding Wesley is correct?
Memorandum
A memorandum is a written message used in business or diplomacy to communicate formal information, policies, or instructions.
Oral Contract
An agreement between parties spoken and agreed to aloud rather than written, yet is legally binding.
Consideration
The benefit, interest, right, or profit involved in an agreement or contract, on which it is based.
Statute of Frauds
A legal concept requiring certain types of agreements to be executed in writing and signed by the parties involved to be enforceable.
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