Asked by
erica galindo
on Dec 19, 2024
Verified
Gusher Irrigation Inc. and Heartland Farm enter into a contract for a sale of irrigation equipment for $50,000. To be enforceable, the contract should be in writing and identify
A) the source of payment.
B) the price.
C) the terms of payment.
D) the quantity.
Price
The amount of money required to purchase a good or service.
Quantity
A specified amount or number of items.
Writing
The physical manifestation of language in the form of symbols or marks on surfaces like paper, used to communicate thoughts and ideas.
- Acknowledge the significance of documented agreements in binding contracts as stipulated by the Statute of Frauds.
- Pinpoint the critical elements needed in a contract to ensure its enforceability.
Verified Answer
PC
Learning Objectives
- Acknowledge the significance of documented agreements in binding contracts as stipulated by the Statute of Frauds.
- Pinpoint the critical elements needed in a contract to ensure its enforceability.