2
QuizMultiple Choice

Simple Contracts

Question 2 • 26-27 Ignite Technical Math-Financial Math - MA2007

If it is completely impossible to put a contract in writing, which of the following would be the best substitute?

Answer
A
having a friend witness the verbal agreement
B
a video or audio recording of the verbal agreement
C
the words “I promise” spoken in a verbal recitation of the contract
D
a firm hand-shake between all those involved in the contract

Explanation

A video or audio recording can preserve the exact terms of the verbal agreement and provide evidence of what each person agreed to. A witness, spoken promise, or handshake may support that an agreement occurred, but they do not document its details as directly as a recording. Therefore, the best substitute is a video or audio recording of the verbal agreement.

AI-written and checked against the verified answer.

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