Cindy Nanson Had a Contract with Bob Greenly for Bob

question 11

Multiple Choice

Cindy Nanson had a contract with Bob Greenly for Bob to repay Cindy $2000 plus interest by July 2010. It is now August 2014 and Cindy has not received any payment. Cindy wishes to file suit to collect the $2000. Bob reminds her that the statute of limitations for contract suits is four years. Cindy's contract with Bob is:

• A)unenforceable.
• B)void.
• C)voidable.
• D)All of the above

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Definitions:

Bushels

A measure of volume commonly used in agriculture, especially in the United States, for quantifying crops like grains, fruits, and vegetables.

Market Price

The actual price at which any commodity is available in the market, determined by supply and demand.

Profit

The financial gain achieved when the revenue from business activity exceeds its costs and expenses.

Bushels

A unit of volume that is used in the United States for measuring agricultural produce such as grain, fruits, and vegetables.