Bob Signed an Agreement with Joe Under Which Bob Agreed

question 17

Multiple Choice

Bob signed an agreement with Joe under which Bob agreed to purchase all the hay that Joe grew during the coming growing season.This contract will be

• A)unenforceable due to its vagueness.
• B)unenforceable due to the difficulty of devising an appropriate remedy for a breach.
• C)enforceable as long as both parties act in good faith and Bob doesn't suddenly demand more hay than what was reasonably estimated.
• D)unenforceable unless state real estate law makes an exception.

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Definitions:

Farm Machinery

Equipment and machinery specifically designed and used for agricultural operations.

Consumer Goods

Products that are purchased for personal use or consumption by the general public, such as clothing, food, and electronics.

Farm Products

Commodities produced through agricultural activities, such as crops, livestock, and their by-products.

Fidelity Bond

A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, typically employees.