A Homeowner Orally Contracted to Buy Some Custom-Made Parts That

question 76

Multiple Choice

A homeowner orally contracted to buy some custom-made parts that the homeowner will use to build a retaining wall in the homeowner's back yard.The contract price for these materials was $2,000.The buyer refused to take delivery even though the materials were conforming.The seller is unable to sell these parts to anyone else because they were individually designed for the homeowner.In a lawsuit against the homeowner by the seller of the parts:

• A)The UCC would not apply because these goods will become real property when installed by the homeowner.
• B)This contract is not enforceable because the price is $500 or more.
• C)This contract is not enforceable,assuming that the homeowner is not a merchant in the materials purchased.
• D)This contract is fully enforceable even though it is not in writing.

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Definitions:

Direct Investment

A type of foreign investment where a company or individual establishes a business or acquires tangible assets in another country.

Local Market Conditions

The specific characteristics and dynamics of a market within a localized area, including factors such as demand, competition, and regulatory environment.

Global Market

A market that transcends national borders, encompassing worldwide commerce and trade.

Franchising

A method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.