1.) If a sales contract lies within the Statute of Frauds and the injured party

Question

1.) If a sales contract lies within the Statute of Frauds and the injured party has only witness testimony to prove the existence of the contract that contract is void. T or F

Explanation:

2.) The Article 2 statute of frauds for sale of goods of $500 or more requires a written contract signed by both parties to prove the existence of the contract. T or F

Explanation:

3.) 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 (a-c) the contract will be enforced in its entirety.

Explanation:

Explanation / Answer

1: False

It wont be void as witness can present before the case and the oral statemenet can be considered as a point agains the fraud team if it is genuine and can be proven.

2:True

Any contracts which deals with trasnaction of good $ 500 ore above requires written contract

3:Ans: A

Buyer has given a deposit of $ 250.

It proves that buyer has entered to a contract as seller recieves the particular amount. Thus the seller has obligation to the contract which has finalised.

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