Which of the Following Is an Exception to the Statute-Of-Frauds

question 8

Multiple Choice

Which of the following is an exception to the statute-of-frauds requirement that sale-of-goods contracts be in writing?

• A) a contract involving goods that are worth at least $500
• B) a contract involving the sale of land
• C) a contract for goods for which payment has been made
• D) a contract for a service that lasts for 5 years
• E) a collateral promise to pay another's debt

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Definitions:

Population Means

The average of all measurements, values, or quantities in a complete population.

Confidence Level

The probability that the value of a parameter falls within a specified range of values.

Confidence Interval

A range of values derived from sample data that is likely to contain the true value of an unknown population parameter.

Population Means

The average of a set of characteristics or measurements for an entire population.