Which of the Following Contracts Is an Example of Future

question 46

Multiple Choice

Which of the following contracts is an example of future goods?

• A) an option contract for a real estate property
• B) a contract to buy a car off a dealer's lot
• C) a preordered video game
• D) a contract to sell a newborn animal

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Definitions:

Commercial Reasonableness

A legal standard that measures the fairness of business practices, actions, or decisions in a commercial context.

Subjective Standard

A benchmark for judgment based on personal opinions, feelings, or tastes, rather than external facts.

Good Faith

An intention to act with honesty, fairness, and integrity in dealings, without seeking to deceive or defraud.

Manifest Agreement

Manifest Agreement refers to a clearly expressed or demonstrated mutual understanding or contract between parties, often requiring no further evidence to prove its existence.