What is the rule regarding the enforceability of a contract for the sale of goods that comes within the statute of frauds if no quantity is specified?
If no quantity is specified, the contract is unenforceable unless:
1 . The goods were specially manufactured for the buyer and are not suitable for resale to others in the ordinary course of the seller's business,
2 . The defendant admits in a judicial proceeding that there was an agreement, or
3 . Payment for the goods was made and accepted, or the goods were received and accepted.
You might also like to view...
CVDs are additional duties levied by exporting countries on imported videodiscs
Indicate whether the statement is true or false
Distinguish between business markets and consumer markets
What will be an ideal response?
An easement contract occurs when one person agrees to answer for the debts or duties of another person
Indicate whether the statement is true or false
Which of the following is a consequence of consumers easily finding product satisfaction information through consumer reviews on the Internet?
A. It incentivizes firms to play by the socially accepted "rules of the game." B. It allows firms to monopolize markets. C. It lets firms evaluate macro-marketing strategies in terms of society's objectives. D. It allows firms to make exaggerated claims about their products. E. It allows government agencies to control interest rates and the supply of money.