Seller orally agrees to sell his laptop to Buyer for $600. Buyer tenders the purchase...
70.2K
Verified Solution
Link Copied!
Question
Accounting
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
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: Zin AI - Your personal assistant for all your inquiries!
