Representatives of Oil Inc. and Petro Corporation discuss the terms of a contract for shipments of refined oil. Petro e-mails Oil a note that summarizes the points on which they agreed. Between these parties, there is

A) an oral contract only.
B) a tentative contract only.
C) a written contract.
D) no contract.

Oral Contract

An agreement between parties spoken out loud and not written down, yet it is legally binding.

Written Contract

A legally binding agreement between parties that is set down in writing and signed by the parties involved.

Tentative Contract

A preliminary agreement that outlines the terms and conditions of a contract to be finalized later.