Jack and Jill were discussing business over lunch when they agreed on the sale of some goods
Since neither of them had any paper with them, Jack wrote the following on a napkin: "Jill
agrees to purchase from Jack, 1,000 widgets to be delivered on July 1, 2005, at a cost of $10,000,
payable on delivery." Jill signed the napkin, although Jack did not sign it. Jack delivered the
widgets per the contract, but Jill refuses to pay for them. If Jack sues Jill for the price of the
goods, the most likely result is:
A) Jack will win because the writing is sufficient under the Statute of Frauds.
B) Jill will win because Jack did not sign the contract.
C) Jack will win because the Statute of Frauds does not apply to this situation.
D) Jill will win because this writing is not sufficient under the Statute of Frauds.
A
You might also like to view...
What are the key issues facing KFC in 1994?
What will be an ideal response?
Nino Rota bought a house from Arthur Fiedler. There was a shed on the property, but it was not mentioned in the agreement of purchase and sale
When Nino closed the deal and moved in he saw that the shed structure had been removed by Arthur and only the foundation remained. Which of the following statements is TRUE? A) Nino had a right to the shed because it is part of the land. B) Nino had no right to the shed because it was not mentioned in the agreement of purchase and sale. C) Nino had no right to the shed because it was removed from the transaction. D) Nino had a right to the shed because its inclusion was an implied warranty of the agreement. E) both B and C.
For the parties to enter into an accord and satisfaction that discharges the original obligation, there must be a bona fide dispute.?
Indicate whether the statement is true or false
A corporation is liable to a third person for the act of its agent: ______
A) to the same extent as a natural person would be liable. B) only if the agent was expressly authorized to perform the act. C) only if the agent's act was a crime. D) only if the agent's act was based on an intent to benefit the corporation.