In Most States, Contracts for the Sale of Goods for $900

question 63

True/False

In most states, contracts for the sale of goods for $900 do not require to be in writing.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends.

Financially Weak

Refers to a state where a company or an individual has poor financial health, often indicated by low liquidity, high debt, or difficulty in generating income.

Dividend Payments

Cash or other forms of payments made by a corporation to its shareholders, typically out of the company’s earnings.

Corporate Distributions

Payments made by a corporation to its shareholders, often in the form of dividends, stock buybacks, or other financial assets.