Industrial engineering, inc. (company) orally promises to pay jasmine $50,000 in exchange for software she will deliver to it. jasmine provides the software to company. when company does not pay jasmine, she immediately files a lawsuit against it. assume that software is a "service" and not a "good" in this case. in determining whether to award jasmine $50,000, a court is likely

I it is assumed that the software is a "service" not a "good", the court is likely to rule in favor of Jasmine and force the Company to award her the $50,000.

Explanation:

A verbal contract can exert a binding if it meets the requirements of a contract, that is:

Offer and Acceptance: She offers to provide a software, and the will accept it

Lawful Purpose: She cannot use the software to harm the company, nor the company retain the payment.

Lawful Consideration:  The offer of the payment of $50,000

Certainty of Terms: The time to meet the deadline of the delivery.

Free Consent of the Parties:  Both freely accepted the terms.

Furthermore, she is considering it as a service, so the company cannot argue that the work she did is a good. This is important because a good cannot bind via a verbal contract, because in many states if a good exceeds a determined value as $500, a written contract is needed.

As many conditions of the oral promise an be consdered as a binding contraat, she can win the lawsuit and gain the $50,000.

it continues in business