A(n)________ Can Make A(n)________ Because It Deals in ________ in the Ordinary

question 22

Multiple Choice

A(n) ________ can make a(n) ________ because it deals in ________ in the ordinary course of business or has knowledge or skills peculiar to those goods.

• A)obligor;gift;specially manufactured goods
• B)merchant;firm offer;goods of the kinds sold
• C)merchant;open price contract;goods of the kinds sold
• D)seller;firm offer;goods of the kind sold

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Definitions:

Act for the Prevention of Frauds and Perjuries

Historical legislation which aimed at reducing fraud and perjury in legal agreements, emphasizing the importance of written contracts.

Promissory Estoppel

The legal enforcement of an otherwise unenforceable contract due to a party’s detrimental reliance on the contract.

Negligent Misrepresentation

A false statement of material fact made by a party who thinks it is true but who would have known the truth about the fact had he or she used reasonable care to discover or reveal it.

Statute of Frauds

A legal doctrine requiring certain contracts to be in writing and signed by the parties involved to be enforceable.