In Sales Contracts,the Complete Agreement Need Not Be in Writing,but

question 23

Multiple Choice

In sales contracts,the complete agreement need not be in writing,but there must be some evidence of the:

• A) purpose of the seller.
• B) objective of the buyer.
• C) fraud by the parties.
• D) intention of the parties.

---

Definitions:

Transactions

Business activities or exchanges that affect the financial position of a company, involving the transfer of goods, services, money, or titles.

Investing Activities

Financial actions involving the purchase and sale of long-term assets and investments, part of a company's cash flow statement.

Sale of Land

A transaction involving the transfer of ownership of land from one party to another.

Receipts

Written acknowledgments of having received something, typically used for transactions and proof of payment.