The ________ Requires All Contracts for the Sale of Goods

question 34

Multiple Choice

The ________ requires all contracts for the sale of goods costing $500 or more and lease contracts involving payments of $1, 000 or more to be in writing.

• A)parol evidence rule
• B)open price term
• C)firm offer rule
• D)Statute of Frauds

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Definitions:

Momentary Contact

Momentary contact refers to an electrical switch or relay contact that only completes the circuit while being physically engaged or pressed.

Three-Wire

A wiring configuration typically used in electrical circuits, incorporating a live wire, a neutral wire, and a ground wire for safety.

Normally-Open

A contact configuration in switches or relays that is open (non-conducting) when at rest, closing only when activated.

Contactor

An electrically controlled switch used for switching an electrical power circuit, commonly used in motor control applications.