Which of the Following Statements Is True of Sales Contracts

question 16

Multiple Choice

Which of the following statements is true of sales contracts?

• A) If a sales contract does not state the price of goods that will be sold to the buyer, the contract is considered invalid.
• B) A sales contract is ordinarily an express contract, but some of its terms may be implied.
• C) When a contract includes the supply of both services and articles, the contract is always considered to be a contract for the sale of goods.
• D) If parties indicate that the price of goods must be fixed at a later date, and no price is thus fixed, the contract is still binding on them.

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Definitions:

Aerobic Respiration

The process of producing cellular energy involving oxygen.

ATP

Adenosine triphosphate, a molecule that provides energy to drive many processes in living cells, acting as a universal energy currency.

Tropomyosin

A regulatory protein in muscle cells that blocks the binding site for myosin on actin molecules, preventing muscle contraction in the absence of calcium.

F-actin Double Helix

A structural configuration of actin filaments arranged in a twisted double helix, significant in muscle contraction and cell movement.