In Which of the Following Cases Will an Oral Contract

question 18

Multiple Choice

In which of the following cases will an oral contract for the sale of goods of $750 be enforceable without a writing?

• A) The goods are to be specially manufactured for the buyer and the seller has made a substantial beginning of their manufacture.
• B) A party admits in an answer to a complaint in a lawsuit that the contract was made.
• C) Delivery and acceptance of the goods has been made.
• D) All of the above.

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Definitions:

60 Percent Rule

A guideline suggesting that up to 60% of an individual's gross income should be allocated towards fixed expenses and necessities.

Numerical Dividing Line

A threshold or boundary defined by a specific numerical value or range.

Many

A term indicating a large number of items, people, or entities in a given context.

Crude Quantity Theory

A basic hypothesis regarding the relationship between the quantity of money in an economy and its level of prices.