5 An oral agreement to sell $1,000 worth of rutabagas will be enforced in its en

Question

5 An oral agreement to sell $1,000 worth of rutabagas will be enforced in its entirety if:

a. the buyer has given a deposit for $250.

b. if the buyer has accepted 10 out of 20 tons of the crop.

c. the buyer admitted under oath that the contract had been created.

d. under all of the above (ac) the contract will be enforced in its entirety.

6. The fundamental laws of sales contracts are found primarily in

a. judicial decisions of the federal courts.

b. executive decision made by the state governors.

c. statutes passed by the state legislature.

d. All of the above (a-c) are equally important in determining the fundamental laws involving sales contracts.

7. To satusfy the UCC Statue of frauds, a written agreement for the sale of goods must

a. contain payment terms

b. indidicate that a contract for sale has been made

c. be signed by both buyer and seller

D all of the above

8. Under Federalism the United States Supreme court has the authority to overturn a decision by a states highest court when the decision invovles purely state law ( no issues of national law involved).. True or False

Explanation / Answer

5 Answer D- All of the options are correct

6 Answer D- All of the options are correct

7 Answer D- All of the options are correct.

8 True. Supreme court is supreme authority to decide start court cases as well.

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