Question: Jay and Kim enter into a contract by which Jay agrees to sell Kim his laptop computer for $500. The contract will be fully executed

Jay and Kim enter into a contract by which Jay agrees to sell Kim his laptop computer for $500. The contract will be fully executed when

1) Jay and Kim sign the contract.

2) Jay gives possession of the computer to Kim.

3) Kim pays Jay $500.

4) both (2) adn (3).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Q:

CASE 1 Ann owns a shop selling prints. She placed an advertisement in the Friday edition of her local paper stating: 'Unique opportunity to own an original Bell print for 500 cash. One only...

Q:

1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the deed to the land. Jamie took possession of the land and began building a cabin on it. One...

Q:

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Q:

In which of the following situations would a person lack the capacity to enter into a contract? Question 6 options: holding a belief in life on other planets having a tendency to spend too much money...

Q:

24. Quality Vehicles, Inc, offers to sell a truck to Ra gional Delivery Compun Before Regional learms that the truck has been sold to State Tracking nc a not liable, if Quality offers a substitute...

Q:

CASE 10 Sim, Tim and Una formed a partnership, under the Partnership Act 1890, to run a pottery business trading under the name STU Potteries. On formation, Sim introduced 6,000 into the business,...

Q:

ee and Eff are major shareholders in Fan Ltd. They are also its only directors. Question 1 According to s830 Companies Act 2006 dividends may only be paid out of A the net assets of the company B the...

Q:

ee and Eff are major shareholders in Fan Ltd. They are also its only directors. Question 1 According to s830 Companies Act 2006 dividends may only be paid out of A the net assets of the company B the...

Q:

1. Computers, Inc. has an employee who has special accommodation needs in order toperform her job. These special accommodations would cost Computers $10,000 toimplement. The Americans with...

Q:

11) Place the following in order of decreasing dipole moment. I. cis-CHCI-CHCI II. trans-CHC1=CHCI A) III > I > II B) II > I > III C) I>III > II D) II > III > I E) I = III > II III. cis-CHF-CHF

Q:

Consider the three alternatives: Each alternative has an l0-year useful life and no salvage value . Based on a MARR of 15%, which alternative should be selected? Where appropriate, use an external...

Q:

Question 6 1 Point One of the characteristics that distinguishes cluttering from stuttering is that the speech rate for cluttering is slower han stuttering. True False

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...