Asked by
Ankita Yadav
on Nov 27, 2024Verified
Solar Power LLC and Trey enter into an oral contract under which Solar agrees to provide Trey with lifetime employment. This contract may be enforceable by
A) Trey only.
B) Solar only.
C) any interested third party, such as a Solar supplier.
D) either Solar or Trey.
Lifetime Employment
A job guarantee in which an employee can expect to remain employed in their position for their entire working life.
Oral Contract
An agreement between parties that is spoken and not written, yet is legally binding unless specifically required by law to be written.
Enforceable
Capable of being executed or imposed in accordance with legal or contractual requirements.
- Acknowledge the importance of spoken contracts and the situations where they are legally valid.
Verified Answer
JC
Learning Objectives
- Acknowledge the importance of spoken contracts and the situations where they are legally valid.