Ed and First Star Company Enter into an Oral Contract

question 12

Multiple Choice

Ed and First Star Company enter into an oral contract under which Ed agrees to pro?vide delivery service for First Star for nine months. This con?tract is enforceable by

• A) Ed only.
• B) either party.
• C) First Star only.
• D) neither party.

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Definitions:

Joint Tenants

A form of co-ownership where individuals share equal ownership of property and have the right of survivorship.

Fee Simple

The highest interest in land, equivalent to ownership; an estate granting possession for an infinite time.

Co-Ownership

A legal arrangement where two or more parties hold title to a specific property, sharing rights and responsibilities.

Crown

A reference to the state or the monarchy in a legal context, often used in commonwealth countries.