The Decision in Zynik Capital Corp.v.Faris Confirms

Multiple Choice

The decision in Zynik Capital Corp.v.Faris confirms

A) a memorandum is sufficient to create a binding contract.
B) a memorandum is not a binding contract, as it is missing an essential term.
C) option agreements are, by their very nature, illegal.
D) option agreements are, by their very nature, unenforceable.
E) a memorandum satisfies all the elements of a contract.