[Awesome Tuners] Trace Owns a Music Store

question 40

Multiple Choice

[Awesome tuners] Trace owns a music store. At a recent convention, he meets Terrill, who makes electronic guitar tuners. Terrill gives Trace a free sample and tells Trace that his guitar tuners are $20 each. Trace says he definitely wants to buy some and he will email the quantity. After the convention, Terrill emails Trace stating, "Do you still want to buy some tuners?" Trace replies, "Yes! 30 please!" However, Terrill never sends the tuners. Trace tells him they had a deal and that Terrill needs to send the tuners. Terrill, who went to business school, tells Trace that the UCC requires contracts for the sale of goods over $500 to be in writing, and his email reply doesn't satisfy the statute of frauds.
-Is Terrill correct that they do not have a sufficient written contract?

• A) Yes, because the email is insufficient to constitute a writing as it did not include price.
• B) Yes, because the only term was the quantity, which is not enough to establish a contract.
• C) Yes, because the agreement was less than $500, which need not be in writing.
• D) No, because the writing need only state the quantity to be sold.
• E) No, because he is confusing the sale of goods with the sale of personal property.

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Definitions:

Experimental Study Designs

Research methods that allow investigators to directly manipulate variables to investigate cause-and-effect relationships between variables.

Line of Best Fit

A straight line drawn through the center of a group of data points plotted on a scatter plot, used to analyze and predict the relationship between variables.

Correlational Study

A research method that examines the relationship between two or more variables to determine whether a change in one variable is associated with a change in another.

External Validity

The degree to which the findings of a study can be generalized to other situations, populations, or settings.