Based on the Statute of Frauds, Which of the Following

question 62

Multiple Choice

Based on the statute of frauds, which of the following contracts is orally enforceable?

• A)an agreement by the administrator of Harold's estate to personally pay Harold's outstanding debt if the estate cannot
• B)an agreement by an athlete to endorse a company's products for three years
• C)an agreement between two parties to sell goods worth $5,000
• D)an agreement to provide medical help to a person till the person dies

---

Definitions:

Merchant

An entity that sells goods or services in exchange for money, usually within the retail or business-to-business markets.

UCC Applies

Refers to situations where the Uniform Commercial Code, a set of laws governing commercial transactions in the United States, is applicable.

Sale Of Goods

A transaction where tangible products are exchanged between a seller and a buyer for a specified price.

Delivery Term

Refers to the conditions in a sales contract that outline the specifics of how and when the goods will be delivered to the buyer.