In Which of the Following Can the Statute of Frauds

question 3

Multiple Choice

In which of the following can the Statute of Frauds be raised under common law of contract?

• A)when a seller of specially manufactured goods has made commitments for procurement for an oral agreement
• B)when the party against whom enforcement of an oral sales or lease contract is sought admits of such a contract in court
• C)when the writing must be signed by the party against whom enforcement is sought
• D)when there has been no written confirmation of a contract between two merchants

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Definitions:

Lower-Cost Materials

This refers to choosing materials that are less expensive without significantly compromising on quality, often to reduce production costs.

Activity Rate

refers to the cost driver rate that is used in activity-based costing to allocate costs to products or services.

Indirect Labor

Labor costs associated with workers who assist in the production process but do not directly contribute to the manufacturing of the product.

Plantwide Factory

The application of a single overhead rate to allocate all manufacturing overhead costs uniformly throughout a production plant.