Asked by Chelsea Garcia-Perez on May 07, 2024
Verified
________ contracts for the sale of goods of $500 or more are ________ if the contract ________.
A) Oral,enforceable,involves specially manufactured goods that cannot be resold easily
B) Oral,not enforceable,is an executed agreement
C) Written,not enforceable,involves admissions in court
D) Electronic,not enforceable,is a written memorandum
Specially Manufactured Goods
Products that are custom-made to a buyer's specifications, often not suitable for sale to others.
Oral
relates to spoken rather than written communication, often used in contexts such as contracts, agreements, or testimonies.
- Comprehend the conditions under which verbal agreements are legally binding in matters related to goods, employment, and property transactions.
Verified Answer
NS
Nathan SpencerMay 11, 2024
Final Answer :
A
Explanation :
Oral contracts for the sale of goods of $500 or more are generally not enforceable under the Statute of Frauds unless they meet certain exceptions. One such exception is if the goods are specially manufactured for the buyer and cannot be sold to others in the ordinary course of the seller's business, making the contract enforceable even if it's oral.
Learning Objectives
- Comprehend the conditions under which verbal agreements are legally binding in matters related to goods, employment, and property transactions.