Derek and Abyan Were Discussing Business Over Lunch When They

question 38

Multiple Choice

Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land.Since neither of them had any paper with them,Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street,St.Joseph,Minnesota,U.S.A.for the price of $4,500 per acre.Transfer of title,payment,and possession to take place on May 1,2011." Abyan signed the napkin.On May 1,2011,Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price.If Derek sues Abyan for the price of the land,the most likely result will be

• A)Abyan will win because the writing is not sufficient under the Statute of Frauds.
• B)Derek will win because the writing is sufficient under the Statute of Frauds.
• C)Abyan will win because Derek did not sign the writing.
• D)Derek will win because the Statute of Frauds does not apply to this situation.

Understand the modifications required in the selling process when selling to a group.

Recognize the importance of competitive positioning during sales presentations.

Identify the flexibility and requirement of detailed prospect analysis in problem-solution presentations.

Acknowledge the necessity of prior contact with the buyer in problem-solution methods.

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Definitions:

Leathery Tissue

This term may refer to tissue that has become tough and resilient, similar to leather, often due to exposure, aging, or certain conditions but is not a standard scientific term.

Thrombosed Vessels

Blood vessels that have become blocked by a thrombus (blood clot), potentially leading to various circulatory problems.

Superficial Burn

A burn affecting only the outer layer of skin, causing pain, redness, and swelling, but not blistering.

Classification

The systematic arrangement in groups or categories according to established criteria.