Wade and Jessi have an oral contract to buy and sell Wade's car for $15,000. After Jessi has paid the money and received possession and title to the car, she is having second thoughts about buying the car.
A) The statute of frauds will give Jessi a defense
B) The statute of frauds will not give Jessi a defense.
C) The UCC's statute of frauds will give Jessi a defense.
D) There is sufficient writing here; the statute of frauds does not apply.
B
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Will has been very meticulous in managing his employees. They have come to believe that he will do exactly what he says he will when he interacts with them. This is the concept of ____.
A. Sincerity B. Trust C. Purpose D. Assurance E. Desire
When ordering a single product, it is optimal for the buyer to order the minimum of the available capacity and the optimal order quantity. When ordering multiple products,
A) the buyer should treat each product as a unique purchase and optimize each on an individual basis. B) the buyer must consider trade-offs between ordering more of one product than another. C) the buyer should average the cost, procurement, and holding parameters and create a basket product that consists of equal ratios of all items. D) the buyer should construct a weighted average based on all individual item demands and optimize this quantity.
Firestone notices that when the number of tires it sells increases from 1,000,000 to 1,000,001, total revenue rises $35. The $35 represents the firm's
A. average revenue. B. marginal revenue. C. price elasticity. D. average variable revenue. E. average total cost.
Most likely, Jerome is
Jerome has three major credit cards and makes payments on them each month. He has had one of them for six years, another for three years, and the last for eleven months. Making just the minimum payment has become automatic at this point, and Jerome barely even looks at the statements. Jerome is beginning to think that his approach to credit may be faulty, and he wants to find out how to adjust it. He just applied for two additional credit cards. A) unaware of how much of his payments go toward interest. B) not getting the benefits of a grace period. C) obligating his future income. D) All of the above are correct.