According to Most States' Laws, to Be Enforceable as a Contract

question 9

Multiple Choice

According to most states' laws, to be enforceable as a contract under the Statute of Frauds, a writing must

• A) contain both contracting parties' signatures.
• B) describe the parties.
• C) name the parties.
• D) recite the parties' intent.

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Definitions:

Identification

the act of determining or verifying the identity of a person or object, often through documents like ID cards or digital means.

Shipped

Refers to goods that have been transported from one location to another, usually through the use of a carrier or logistical service.

Specific Goods

Goods that are identified and agreed upon at the time a contract of sale is made.

F.O.B. New York

A shipping term indicating that the seller must deliver goods on board a vessel at the port of New York, with the buyer being responsible for freight and insurance.