A contract for a sale of goods of over $300 must be in writing to be enforceable

Question:

A contract for a sale of goods of over $300 must be in writing to be enforceable under the Statute of Frauds. (True/False)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 25, 2024 05:00 AM

See More Questions

A 12-month, 8% note dated August 1, 2016 for $5,000 would have accrued interest payable on December 31, 2016 of $166.67. True or False
Chris, a CPA and formerly a staff accountant for a large public accounting firm, is the new controller for a small construction company that employs 60 people. The company is now facing tough times...
Consider Problem 13.28. The solvent MDEA becomes rich in acid gases. To recycle this solvent, it is first heated to 90C in exchanger E-2001 and then sent to the top stage of the stripper T-2002 as...
The following table gives the number of stores and the amount of sales (in millions of dollars) for the leading U.S. pizza chains in 2013. (a) Obtain the least-squares line that fits these data. (Let...
If greater health care spending leads to more jobs, why is there such concern about the rapid growth rates of spending?
Consider a deterministic cash flow stream $\left(x_{0}, x_{1}, x_{2}, \ldots, x_{n} ight)$ with all positive flows. Let $\mathrm{PV}(r)$ denote the present value of this stream at an interest...
On January 2, 2008, McGregor Co. issued at par $45,000 of 9% bonds convertible in total into 4,000 shares of McGregors common stock . No bonds were converted during 2008. Throughout 2008, McGregor...
what will this code print out? 123456ROGDENE 7 8 9 10 11 1 public class TraceIf { public static void main(String[] args) { int var1 = 52; var1 %= 5; if (var1 == 0) { System.out.println("Hello"); }...
An oral contract that should be in writing to be enforceable under the Statute of Frauds may be enforceable if it has been partially performed. (True/False)
Contracts for transfers, other than sales, of interests in land need not be in writing to be enforceable under the Statute of Frauds. (True/False)
Most auctions are held with reserve. If you place the highest bid at such an auction, and if your bid is below the reserve, then you do not get the item. Is this fair? Should the law award you the...
Modify the Coin class from Section 8.2.1 to have it implement the Comparable interface.
Consider the following problem description: Users place coins in a vending machine and select a product by pushing a button. If the inserted coins are sufficient to cover the purchase price of the...
For an organisation of your choice recommend metrics to measure customer acquisition and retention. Consider what the chosen organisation needs to measure and any benefits or drawbacks of carrying...
Provide a unit test class for the Counter class in Section 3.1. Data from section 3.1 In Chapter 1, you learned how to use objects from existing classes. In this chapter, you will start implementing...
Every Java program can be rewritten to avoid import statements. Explain how, and rewrite RectangleComponent.java from Section 2.9.3 to avoid import statements.
Century Corporation acquired 8,400 common shares of Fidelity Company on January 10, 2012, for $12 per share and acquired 15,000 common shares of Essem Corporation on January 25, 2012, for $22 per...
Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2012 is: Joint cost of production in July 2012 was $50. A...
What steps are involved in the legal risk management model?
Vancouver-based retailer Lululemon experienced a problem with its $100 black Lululemon yoga pants. They were too sheer, they pilled easily, and customers were returning them. Chip Wilson, founder of...
A legal risk management plan is a tool for business to manage its interactions with the law and legal issues. Its purpose is to minimize the impact of legal risks on the business by identifying and...
f Find f+g, fg, fg and Determine the domain for each function. g f(x)=5x+6, g(x)=x-5 (f+g)(x)= (Simplify your answer.)
K For the functions f(x) = 3-x and g(x) = x+2x-63, find f+g, f-g, fg, and Determine the domain for each g function. (f+g)(x)=2x-60 (Simplify your answer.) What is the domain of f+g? Select the...
Find the rank of Matrix 2 3 0 2 4 3 3 2 1 -6 8 7 235

A contract for a sale of goods of over $300 must be in writing to be enforceable

Question:

Step by Step Answer:

False The statement is partially true but needs clarification While there is a Statute of Frauds req...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions