Multiple Answer Options: Select all answers that are correct, whether that is one answer or more.

Which of the following verbal contracts is valid:

Question

Multiple Answer Options: Select all answers that are correct, whether that is one answer or more.

Which of the following verbal contracts is valid:

BlackTom AI · Accepted Answer

Question restatement: The scenario asks us to identify which verbal contracts are valid, given multiple options.
Option A: Abed loans Annie $100 to be paid by the end of next week, with $10 interest, if Shirley agrees to pay the $110 if Annie is unable. Shirley is promising to pay Anne’s debt as the loan will also economically benefit Shirley.
- Analysis: This is a promise by Shirley to guarantee someone else’s debt in exchange for consideration (the loan and its benefit to Shirley). For a guaranty to be enforceable, there generally must be consideration present—here, Shirley’s promise to pay if Annie defaults plus the economic benefit to Shirley provides that. If both parties intend a binding arrangement and the promise is supported by consideration, the verbal guaranty can be valid, though some jurisdictions require a written guaranty for certain debts. The key here is that there is consideration and a clear promise tied to the loan. So, this option can be valid as a verbal contract, assuming the necessary elements of a contract (offer, acceptance, consideration, and mutual intent) are present.

Option B: Troy buys property from Pierce for $100,000 and makes a down payment of $30,000.
- Analysis: This describes a real estate transaction with a down payment. Under the Statute of Frauds, contracts for the sale of real property must be in writing to be enforceable. A purely verbal agreement for the transfer of real estate is typically not enforceable. Therefore, this option is not a valid verbal contract.

Option C: Jeff promises to marry Brittan. She agrees.
- Analysis: A promise to marry is generally not enforceable as a contract. Consideration for a promise to marry traditionally revolves around the marriage itself, and courts typically do not treat engagements as binding contracts unless there is an independent consideration or separate legally enforceable agreement beyond the promise to marry. Absent that, this is not a valid enforceable agreement.

Option D: A cleaning company agrees to provide monthly cleaning services for 8 months to Pledge, Inc.
- Analysis: This is a services contract for a period of 8 months. Contracts for services are generally enforceable even if oral, provided other contract elements are met (offer, acceptance, consideration, and mutual intent). The duration is less than one year, so it does not fall under the Statute of Frauds requirement for a writing to be enforceable due to the one-year rule. Thus, this verbal contract is typically valid.

Summary of reasoning across options:
- Option A involves a third-party guaranty with consideration tied to a concrete loan; assuming the usual contract elements are present, this can be valid even in verbal form.
- Option B fails the writing requirement for real estate under the Statute of Frauds, making a verbal contract for property transfer invalid.
- Option C lacks enforceable consideration for a promise to marry in most jurisdictions, so it is not a valid contract.
- Option D is a valid verbal services contract given it does not implicate a writing requirement beyond standard contract formation, and the term is within one year.

Important nuance: contract enforceability can hinge on jurisdiction-specific rules (e.g., some states require written guaranties). The core concepts to apply are: existence of offer/acceptance, consideration, mutual intent, and any applicable Statute of Frauds provisions.

STRAT 3410-003 Fall 2025 Exam #3- Requires Respondus LockDown Browser

Multiple Answer Options: Select all answers that are correct, whether that is one answer or more. Which of the following verbal contracts is valid:

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