QUESTION 37 Which of the following agreements must be in writing to satisfy the Statute of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
QUESTION 37 Which of the following agreements must be in writing to satisfy the Statute of Frauds? A. An agreement to purchase a car. B. An agreement to rent a car for 12 weeks. OC. An agreement to lease a house for one year. D. All of the agreements above must be in writing to satisfy the Statute of Frauds. QUESTION 38 In order for consideration to be sufficient in a contract: A. Both the offeror and the offeree must gain something and lose something. B. The consideration has to be equal for both the offeror and the offeree. OC. The consideration must be of substantial value to the other party. OD.A and B only. QUESTION 35 The U.C.C.: A. Applies to the sale of goods and services, and never for the sale of land. OB. Can be applied to create a contract between merchants even if definite terms are missing. OC. Has effectively replaced the common law in all types of transactions. OD.A and C only. QUESTION 36 A Broadway actor, exhausted after his 10-hour workweek agrees to buy a briefcase full of cocaine from Lewis $12,000.00. Lewis and the actor have a contract. A. Valid B. Unenforceable OC. Voidable OD. Void QUESTION 37 Which of the following agreements must be in writing to satisfy the Statute of Frauds? A. An agreement to purchase a car. B. An agreement to rent a car for 12 weeks. OC. An agreement to lease a house for one year. D. All of the agreements above must be in writing to satisfy the Statute of Frauds. QUESTION 38 In order for consideration to be sufficient in a contract: A. Both the offeror and the offeree must gain something and lose something. B. The consideration has to be equal for both the offeror and the offeree. OC. The consideration must be of substantial value to the other party. OD.A and B only. QUESTION 35 The U.C.C.: A. Applies to the sale of goods and services, and never for the sale of land. OB. Can be applied to create a contract between merchants even if definite terms are missing. OC. Has effectively replaced the common law in all types of transactions. OD.A and C only. QUESTION 36 A Broadway actor, exhausted after his 10-hour workweek agrees to buy a briefcase full of cocaine from Lewis $12,000.00. Lewis and the actor have a contract. A. Valid B. Unenforceable OC. Voidable OD. Void
Expert Answer:
Related Book For
Posted Date:
Students also viewed these electrical engineering questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A physical pendulum of mass m = 3 . 3 6 kg is comprised of an odd shape that has a centre - of - mass a distance of d = 0 . 5 5 5 m from the pivot point. The pendulum is displaced from equilibrium to...
-
Show that not just overstatement but also understatement of cost is dominated by truth-telling in the joint venture of Motorola and Apple.
-
PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years: a. Determine the (1) Current...
-
Compare the three ways you can purchase mutual funds.
-
Use the income statement and balance sheet for Wal-Mart (see Appendix A) to gather the necessary information to calculate Wal-Marts Economic Value Added (EVA) for 2009 and 2008. Wal-Marts weighted...
-
Pelamed Pharmaceuticals has EBIT of $ 316 $316 million in 2012. In? addition, Pelamed has interest expenses of $ 110 $110 million and a corporate tax rate of 35 % 35%. a. What is? Pelamed's 2012...
-
Nutrition is often talked about in everyday pop culture. Nutrition science, however, is not always part of the conversation. Respond to the following in a minimum of 175 words: Discuss some examples...
-
A company is reviewing a batch of 29 products to determine if any are defective. On average, 3.8% of products are defective. Does this situation describe a binomial experiment, and why? What is the...
-
What role does discourse play in the construction of social identities, and how does it influence the distribution of power in institutional settings ?
-
Shadee Corporation expects to sell 540 sun shades in May and 320 in June. Each shade sells for $138. Shadee's beginning and ending finished goods inventories for May are 60 and 55 shades,...
-
What role does technology-enabled organizational design play in facilitating virtual collaboration, remote work arrangements, and geographically dispersed team dynamics, and how can organizations...
-
How does intersectionality challenge traditional sociological frameworks, and what implications does it have for analyzing systems of oppression ?
-
Find the area of the region bounded by the graph of f(x) = (x-2)4 and the x-axis between x= -1 and x=4.
-
Todd video1: https://youtu.be/Ybh6ILx9bjw Todd video 2: https://youtu.be/exX-1cI78_s What are the key characteristics of reality therapy that distinguish it from other therapy approaches? What is the...
-
Find the equations of the ellipses satisfying the given conditions. The center of each is at the origin. Passes through (2, 2) and (1, 4)
-
Various levels of government enact laws that affect other levels of government. Explain the reason for such seemingly inefficient interrelationships and offer an opinion of whether there might be...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. The purpose of criminal law is to compensate injured parties for their losses. 1....
-
Discuss both inter vivos gifts and gifts causa mortis.
-
U.S. Industries has a subsidiary in Switzerland. The subsidiary's financial statements are maintained in Swiss francs (CHF). Exchange rates (\($/CHF)\) for selected dates are as follows: The...
-
Asda is a British supermarket chain owned by Wal-Mart Stores, Inc. Assume that the following data relate to Asda's activities for 2017 (in millions).. Exchange rates (\($/)\) during 2017 are:...
-
Massmart Holdings Ltd. is a South African subsidiary of Wal-Mart Inc., selling high volume, low margin branded consumer goods to customers in twelve countries in Africa. Massmart's accounts are...
Study smarter with the SolutionInn App