Does the Agreement to Purchase the Bicycles for $100 Each

question 33

Multiple Choice

Does the agreement to purchase the bicycles for $100 each fall outside the statute of frauds and,thus,would likely be enforceable against Milton?

• A)No,because the agreement is for the sale of goods over $500,which is within the statute of frauds and must be in writing.
• B)Yes,because the contract can be performed within one year.
• C)Yes,because the agreement involved the lease of goods,which need not be in writing.
• D)No,because the agreement involved the lease of goods and must be in writing.
• E)Yes,because the agreement is for the sale of goods under $500,which need not be in writing.

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Definitions:

Legislative Branch

The branch of government responsible for creating and passing laws, in the United States, it is composed of the House of Representatives and the Senate.

Concurrent Powers

Powers in federal systems of government that are shared by both the state and federal governments.

Unicameral Legislature

A type of legislative body with a single chamber, in which all legislators convene to debate and vote on legislation.

Constitutional Lawmaking

The process of drafting, adopting, and amending laws and principles that govern a state or country, typically outlined in a constitution.