You own a used car dealership and auto repair shop. You do not like written cont

Question

You own a used car dealership and auto repair shop. You do not like written contracts, so you usually use oral agreements. One agreement you have is to sell someone an engine in one of your used cars for $550. Another agreement is to provide three years' worth of repairs on one of your customer’s cars in exchange for an immediate payment of $2,000. Finally, you have an oral agreement to sell a car battery to one of your customers for $200 to be delivered within one week. Which of these oral contracts (if any) will be enforceable in court, and which ones (if any) will not be enforceable? Explain your reasoning.

Explanation / Answer

All of the above the valid contracts though not written down. These oral contracts had an element of the promise of performance of the contract in exchange for a materially significant consideration thus constituting a valid contract. Thus all the agreements should be enforceable in court.

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