Examlex
If a party,against whom enforcement is sought,admits to an oral contract in court proceedings,then the Statute of Frauds requirement is waived and the oral contract can be enforced.
Fixed Costs
Costs that do not change with the level of production or sales over a certain period, such as rent or salaries.
Profit
The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Units
Refers to a standard quantity or measurement used for comparison and calculation, such as in physics or mathematics.
Month
A unit of time, approximately 30 days, used as a standard measurement for billing cycles, budgeting, and financial forecasting.
Q4: Unless otherwise agreed,payment for goods must be
Q7: The term "instrument" means "negotiable instrument."
Q8: John needs a new car and goes
Q12: Which term can be used to create
Q27: A lessor is the person who transfers
Q64: If the goods or property have been
Q76: A minority of states follow the "New
Q82: Where there is a valid delegation of
Q99: Under the UCC,the parties are free to
Q103: A seller's statement of opinion,or "puffing",establishes an