Which of the Following Is True of Oral Contract Payments

question 5

Multiple Choice

Which of the following is true of oral contract payments?

• A)In the case of part payment, an oral contract may be enforced for goods, for which payment has not been made and accepted.
• B)A check or promissory note tendered as payment, but refused by the seller, constitutes as an oral contract payment.
• C)Under the law of commercial paper, a check, or draft is an unconditional payment when delivered.
• D)An oral contract can be enforced if the buyer has made full payment on the contract.

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Definitions:

Highly Stressful Conditions

Circumstances or environments that significantly increase the level of stress experienced by individuals or organizations.

Uncertain Hours

Work hours that are not fixed or predictable, often varying from week to week.

Commission Based

Pertains to a compensation method where individuals or entities earn a percentage of the sales they generate or deals they close.

Certainty

A situation or condition where there is no doubt or variability in the outcome or result.