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.

Journalize transactions involving credit purchases and dishonored notes.

Measure the impact of credit card sales on company finances.

Discriminate between the direct write-off and allowance methods for estimating uncollectibles.

Evaluate the financial advantages of using promissory notes over accounts receivable.

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Definitions:

Renal Calculus

Solid concretions or crystal aggregations formed in the kidneys from dietary minerals in the urine; commonly known as kidney stones.

Intravenous Pyelography

A diagnostic imaging procedure that uses a contrast dye and X-rays to observe the structure and functionality of the urinary system.

Fluid Intake

The total volume of fluids consumed by an individual, including water, beverages, and moisture from food, which is critical for maintaining health and body functions.

Urinary Tract Infection

An infection in any part of the urinary system, including kidneys, ureters, bladder, or urethra, most commonly caused by bacteria.