In January,Eddie Contracts to Sell 100 Bushels of Soybeans in the Fall.This

question 18

Multiple Choice

In January,Eddie contracts to sell 100 bushels of soybeans in the fall.This contract

• A)is void.He cannot contract to sell a crop before it is even planted;the goods must be in existence.
• B)is void.The soybeans must be identified to the contract at the time he contracts to sell them.
• C)can be valid,but title to the soybeans cannot pass until the soybeans exist.
• D)can be valid,and title to the soybeans passes when the contract is signed.

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Definitions:

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value in employees.

Tariffs

Tariffs are taxes imposed by a government on imported goods and services to protect domestic industries or to generate revenue.

Real GDP

Real GDP (Gross Domestic Product) measures the value of economic output adjusted for price changes, providing a more accurate reflection of an economy's size and how it's growing over time.

Growth Rate

The percentage increase in a country’s economic output or an individual company's earnings over a specific period, signaling economic health.