Which of the Following Contracts Would Have to Have Some

question 113

Multiple Choice

Which of the following contracts would have to have some form or writing or record to be enforced?

• A)A contract for the sale of a painting for $1,000.
• B)A contract for employment for nine months.
• C)A contract for advertising a house for sale for $50.
• D)All of the above contracts would need to be in writing to be enforceable.

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Definitions:

Sudden Increase In Demand

A rapid and unexpected rise in the desire or need for a specific product or service, which can impact market dynamics.

Long-Term Relationships

Enduring associations between companies and their stakeholders, such as customers or suppliers, typically characterized by trust, loyalty, and mutual benefit over time.

Fixed-Position Layout

An operational strategy where the product remains stationary, and workers, materials, and equipment are moved as needed.

Product Layout

An arrangement of equipment or workstations in the sequence that production operations are performed to manufacture a product.