Business law

Hi-Tech Industries is developing a new handheld personal computer system, allowing high-end computer gaming anywhere, any time. It negotiates with Lost Stars Pty Ltd, for the purchase of suitable electronic components. Before signing the contract, Hi-Tech Industries asks Lost Stars Pty Ltd whether the central processing unit selected can withstand high temperatures. (It expects that its customers will use the new gaming device in popular, and very hot, holiday destinations.) Lost Stars Pty Ltd assures Hi-Tech Industries that it can. Hi-Tech Industries tells Lost Stars Pty Ltd that this is the decisive factor in its conclusion of the contract, as Lost Stars Pty Ltd's competitors could not provide this assurance. Hi-Tech Industries signs the contract, but does not read it. The contract states that payment must be made in full, upon delivery of the electrical components (which are listed in the contract) in three months' time. The contract does not contain any heat guarantees regarding the central processing units. After the computer system is released into the market, Hi-Tech Industries receives many reports of central processing unit failures from customers using the device in very hot regions of the world. Which of the following statements is INCORRECT? Select one: O a Business contracts must be entirely in writing, and as a result, this contract cannot be partly oral and partly written Ob. Hi-Tech Industries is bound by its signature, unless the document signed did not appear to be contractual in nature (which does not appear to be the case here). Oc. Since contracts may be partly oral and partly written, Lost Stars Pty Ltd's oral statement about the engines may possibly be a term of the contract. Od. Hi-Tech Industries is bound by its signature, regardless of whether it read the contract or not