Brahma entered into an oral agreement to sell 50 jet skis to Summer Sports. Brahma delivered 20 of the skis on May 1. On June 1, Summer Sports notified Brahma that it would not honor the agreement. Which statement is correct?
A. The contract is void since it was oral.
B. The contract is enforceable for 20 jet skis.
C. The contract is enforceable for the 50 jet skis.
D. The contract is obsolete.
Answer: B
You might also like to view...
A material gain or loss from debt refunding should be
A) recognized over the remaining life of the old issue as ordinary income or loss. B) recognized in the current period as extraordinary income or loss. C) recognized over the life of the new bond issue as extraordinary income or loss. D) recognized in the current period as ordinary income or loss.
The par value of the common stock represents the
A) amount entered into the corporation's Common Stock account when a share is issued. B) liquidation value of the stock. C) market value of a share of stock. D) amount the corporation received when the stock was issued.
Regional trade communities exist in Europe, North America, Central America, Africa, and Asia
a. True b. False Indicate whether the statement is true or false
Guard Personnel Company is charged with using hiring practices that do not meet requirements set by the Transportation Safety Administration (TSA). The administra-tive law judge or-ders Guard to comply with the TSA's regulations. Guard may
a. appeal to the commission that governs the TSA. b. appeal to Congress, which created the TSA. c. appeal to a different, separate agency. d. ignore the order.