Sontoku Knives and Gladius, the owner of a knife store, orally agree to a sale of knives for $12,000. Gladius gives Sontoku a check for $4,000 as a partial payment. A dispute arises under the contract, and both parties admit in court documents that they had agreed to the sale of knives. This contract is

Question

Ean Thornton

Business

10 January, 19:13

Sontoku Knives and Gladius, the owner of a knife store, orally agree to a sale of knives for $12,000. Gladius gives Sontoku a check for $4,000 as a partial payment. A dispute arises under the contract, and both parties admit in court documents that they had agreed to the sale of knives. This contract is

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Yasmine Estes · Answer 1

Answer: enforceable only to the extent of the $4,000.

Explanation:

From the question, we are informed that Sontoku Knives and Gladius, the owner of a knife store, orally agree to a sale of knives for $12,000 and that Gladius gives Sontoku a check for $4,000 as a partial payment.

If there's a disagreement between them under the contract, and both parties admit in court documents that they had agreed to the sale of knives, the contract will be enforceable only to the extent of the $4,000.

This is because there's no written statement to attest to he fact that they've both agreed on the sales of the knives for $12,000. They only orally agreed and there's no written document to back it up, therefore only $4000 is enforceable.