Fact Pattern 14-1 (Questions 26-27 Apply)

Multiple Choice

Fact Pattern 14-1 (Questions 26-27 apply)
Macho Marketing, Inc., and Nacho Food Corporation (NFC) discuss the terms of a contract. Macho faxes NFC a memo on Macho’s letterhead that summarizes the items on which they agree, including a two-year term. NFC begins to perform, but Macho refuses to pay. NFC begins to perform, but Macro refuses to pay.

-Refer to Fact Pattern 14-1.Between Macho and NFC,the memo is

A) an oral contract.
B) a pre-contract.
C) a written contract.
D) no contract.