Erwin Paper Company Purchased 750 Acres of Timber from Roscoe

question 16

Multiple Choice

Erwin Paper Company purchased 750 acres of timber from Roscoe for $750,000.Erwin is to cut and remove the timber.

• A)This is a contract for the sale of goods and it must be in writing to be enforceable.
• B)This is a contract for the sale of real estate and must be in writing.
• C)This is a contract for the sale of fructus industriales and does not have to be in writing.
• D)None of the above.

---

Definitions:

Valid Acceptance

An agreement to the terms of an offer in a manner required by the contract, resulting in a binding contract between the parties.

Communicated

Communication involves the act of sharing, exchanging, or transmitting information, ideas, or feelings between individuals or entities, through various means.

Offeree

The person to whom an offer is made, typically in the context of contract formation.

Rejection

Rejection refers to the act of refusing to accept, submit to, believe, or make use of something.