On November 12^th, Mike Orally Agrees to Sell His Organ

Multiple Choice

On November 12^th, Mike orally agrees to sell his organ to Betty for $200.00, including delivery. Betty orally accepts the offer and pays Mike the $200.00 on November 13^th. Mike, however, is very busy and is unable to deliver the organ until November 19^th. Which of the following is correct?

A) On November 13^th, the contract was executory.
B) On November 20^th the contract will be executed, assuming Mike delivers the organ on November 19^th.
C) This is an informal contract.
D) As of November 13^th, this is an informal, executory contract, and it will be an executed contract on November 20^th, assuming Mike delivers the organ on November 19^th.
E) There is not contract in this case, since Mike did not fulfill the "benefit of the bargain on November 13^th.