Which of the Following Would Be a Valid Provision Under

question 47

Multiple Choice

Which of the following would be a valid provision under the various provincial acts dealing with the sale of goods?

• A) Contracts above $20 to $25 must be made in writing in order to be enforceable.
• B) If partial payment or acceptance is made by the buyer,an oral contract is enforceable.
• C) Contracts above $15 to $20 must be made in writing in order to be enforceable.
• D) If creation of a record of an agreement is evident,the court must make a prudent ruling.

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Definitions:

Hindsight Bias

The inclination to see events that have already occurred as being more predictable than they were before they took place.

Critical Thinking

Dedicated to an in-depth inspection and critique of a problem with the intent of deriving a verdict.

Overconfidence

Overconfidence is a cognitive bias in which a person's subjective confidence in their abilities or outcomes exceeds the objective accuracy of those assessments.

Hypothesis

A tentative explanation put forward based on minimal evidence, intended as a preliminary point for more detailed research.