What Does the "Equal Dignity Rule" Require

question 83

Multiple Choice

What does the "equal dignity rule" require?

• A) That contracts for the sale of goods over a certain dollar amount be in writing.
• B) Consideration to support a contract.
• C) That the writing required by the Statute of Frauds meet certain requirements.
• D) That an offer and an acceptance be mirror images of each other.
• E) That the contract of an agent to sell property covered by the Statute of Frauds must be in writing for the sale of the property to be enforceable.

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Definitions:

Reward Power

A type of marketing channel power that occurs when the channel member exerting the power offers rewards to gain power, often a monetary incentive, for getting another channel member to do what it wants it to do.

Advanced Shipping Notice

A document provided by a supplier to a customer that details the contents and details of a shipment before it arrives.

Retailers

Businesses or individuals that purchase goods from manufacturers or wholesalers and sell them directly to consumers.

Consumers

End users who purchase goods or services for personal use, driving demand in the economy and influencing market trends and developments.