A Contract Which Does Not Satisfy the Writing Requirement of the Article

question 49

Multiple Choice

A contract which does not satisfy the writing requirement of the Article 2 statute of frauds,but which is otherwise valid,is enforceable in which of the following situations?

• A) Where the goods have been delivered and accepted
• B) Where payment has been accepted
• C) Where the goods have been specially manufactured and are not suitable for resale in the ordinary course of business
• D) All of these are situations where the contract would be enforceable.

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Definitions:

Corporate Planning

The process by which a company outlines its objectives, strategies, and actions to achieve its long-term goals, involving market analysis and forecasting.

Corporate Power

Refers to the influence and control exerted by large business corporations over economic and political decisions.

Walmart

An American multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores.

Countrywide Financial Corporation

A former American financial services company involved in the subprime mortgage crisis, which played a significant role in the global financial crisis of 2007-2008.