In Which of the Following Cases Would an Oral Contract

question 37

Multiple Choice

In which of the following cases would an oral contract be enforceable without a written memorandum?

• A) Ron orders three custom-made suits.
• B) Michelle calls an employment agency in Paris to arrange for maid service for her three-month Parisian vacation.
• C) Anna orders a top-of-the-line computer over the phone.
• D) Catherine calls Lucky Dude Ranch to purchase the championship race horse they have advertised in the paper.

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Definitions:

Registration Statement

A set of documents filed with a regulatory body, such as the SEC, detailing the particulars of a new security to be issued to the public.

Statute of Limitations

Legislation that specifies the longest duration allowed to initiate legal action, varying by the nature of the claim or case.

Private Offering

A method of raising capital through the sale of securities to a relatively small number of selected investors as opposed to a public offering.

Registration Provisions

Legal rules and guidelines that outline the requirements for officially recording certain types of documents, activities, or entities with authorities.