Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. newlog, which had developed a new process for maki

Newlog, which had developed a new process for making artificial logs, entered into an oral...

50.1K

Verified Solution

Question

Accounting

Newlog, which had developed a new process for making artificial logs, entered into an oral contract with Specialty Manufacturing. The contract provided that Specialty would manufacture a special part that Newlog needed to make its artificial log machinery. The contract provided that Specialty would make the part to Newlog's specifications. Newlog orally agreed to pay $5,000 for the part. Specialty made the part to Newlog's specifications, but Newlog refused to pay, claiming that the oral contract was unenforceable because of the statute of frauds. Is Newlog correct?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Capital Structure Analysis Pettit Printing Company has a total market value of $100 million, consisting of 1...

Finance
Q

Distance from Hometown 150 45 65 275 0 18 100 250 3000 120 10 130 288 Above data shows 13 values of the variable \"distance from hometown to campus\" that...

Basic Math
Q

How to extract only RNA from the solution in RNA prep? Which buffer is required to...

Biology
Q

Identify, describe and discuss a selected group from your local social service agency. Discuss the advantages...

Psychology
Q

In 2 typed-written pages, describe a stressful time in your life and discuss how you were...

Psychology
Q

Give me an Analysis of Cognitive Development Theory (its relation to the individual), and a brief...

Psychology
Q

When a single coin is tossed what are the odds of tossing a head

Geometry
Q

At what nominal rate compounded continuously must money be invested to triple in 9 years...

Basic Math
Q

ion 2 the slope and y inte rcept

Algebra
Q

The Soft Company has provided the following information after year-end adjustments Allowance for doubtful accounts...

Accounting
Q

John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests...

Accounting
Q

Job specialization and job enlargement are very different. Which these statements is not true? O...

Finance