Which of the Following Statements Is TRUE with Respect to Writing

question 4

Multiple Choice

Which of the following statements is TRUE with respect to writing requirements under a Sale of Goods Act?

• A)The Sale of Goods Act in each and every province and territory (except Quebec) requires a written contract in at least some cases.
• B)Under those Sale of Goods Acts that impose a writing requirement, a failure to satisfy that requirement causes the parties' contract to be null and void.
• C)While some Sale of Goods Acts impose writing requirements, they do so only for contracts that exceed specified price levels.
• D)If a Sale of Goods Act imposes a writing requirement, it does so only if the purchaser is an individual consumer rather than a business or corporation.
• E)Even if a Sale of Goods Act generally imposes a writing requirement, an oral contract is enforceable as long as the parties agreed on the essential terms.

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Definitions:

Undervalued

A term describing securities or assets selling for less than their intrinsic or book value, typically due to market inefficiencies.

Building

A structure with a roof and walls, such as a house, school, or factory, intended for use or occupancy.

Unamortized Trademark

The portion of the trademark's cost that has not yet been expensed through amortization in the financial statements, representing the remaining value of the trademark.

Cash Dividends

Cash dividends refer to payments made by a corporation to its shareholders, usually out of its profits.