Prof. Bing Group: Names: 1. Ifa sales contract lies within the Statute of Frauds

Question

Prof. Bing Group: Names: 1. Ifa sales contract lies within the Statute of Frauds and the injured party has only witness testimomy to prove the existence of the contract that contract is void. Explanation: 2. The Article II Statute of Frauds for a sale of goods of $500.00 or more requires a written contract signed by both parties to prove the existence of the contract. T F 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 3

Explanation / Answer

1: It wont be void. Witness testimony can be taken as a point of reference for the current situation to start further law proceedings. The agreement terms can be investigated and terms and contracts can be taken from the fraud persons to prove the case in favor of injured person.

2:True

Any transaction for greater than $ 500 requires a wrtitten agreement between two parties and oral contract will be void.

3:a: If buyer has given a deposit of $ 250.

Deposti made in favor of the contract has been accepted by the seller and the seller has the obiligation to move ahead with contract as stated.

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