Following Negotiations with Lester's Landscaping for Maintenance Services for a Lawn

question 17

Multiple Choice

Following negotiations with Lester's Landscaping for maintenance services for a lawn and garden,Moore enters into an informal contract.This means that the parties' contract

• A)requires no special form.
• B)is not enforceable.
• C)is not a true contract.
• D)is voidable.

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Definitions:

Purchase Order

An official document issued by a buyer committing to pay the seller for the sale of specific products or services to be delivered in the future.

Credit Memorandum

A document issued by a seller indicating a reduction in the amount that a buyer owes, often due to a return or refund.

F.O.B. Shipping Point

A term used in shipping contracts to indicate that the buyer is responsible for the goods and their transportation costs once they leave the seller's premises.

Purchaser

An individual or entity that buys goods or services for personal use, resale, or production.