Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Seller orally agrees to sell his laptop to Buyer for $600. Buyer tenders the purchase price but Seller asserts the Statute of Frauds and refuses

Seller orally agrees to sell his laptop to Buyer for $600. Buyer tenders the purchase price but Seller asserts the Statute of Frauds and refuses to sell the laptop to Buyer. a. Seller is bound to the agreement because it is an oral contract b. Seller is bound to the agreement because he admitted the contract to buyer c. Seller is not bound because the agreement must be in writing to be enforceable d. Seller is not bound because he is not a merchant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Clarence Byrd, Ida Chen

4th Edition

013089611X, 978-0130896117

More Books

Students also viewed these Accounting questions

Question

=+7. Are shareholders in a firm investors or gamblers?

Answered: 1 week ago