subject
Business, 26.03.2021 22:10 KillerSteamcar

Patty, who lives in East Tennessee, developed a new type of printer that required very little ink. As a merchant, she entered into contracts to sell the printer to a number of merchants of office supplies in the East Tennessee area for a charge of $600 each. She further entered into a number of contracts with merchants in other states and also in foreign countries. For printers sold in states other than Tennessee and for printers sold outside the United States, she charged $1,001 each. Patty was a trusting soul who did not require that her arrangements be in writing because she believed that a person's word was his or her bond. She did, however, send a confirming memo to each client to which she received no objections. Patty manufactured a number of printers but unfortunately, due to a downturn in the economy, a number of her buyers refused to proceed on their contracts, with several claiming that the contracts were unenforceable because they were not in writing. Which of the following is true regarding whether the contracts with clients in the U. S., but outside of Tennessee, were required to be in writing? A. Because the contracts were for amounts priced at $500 or more, they were required to be in writing, but Patty's memo was sufficient to satisfy the requirement.
B. Because the contracts were for amounts priced at $1,000 or more, they were required to be in writing and signed by the buyer, but Patty's memo was sufficient to satisfy the requirement.
C. Because the contracts were for amounts priced at $500 or more, they were required to be in writing and signed by the buyer.
D. Because the contracts were for amounts priced at $1,000 or more, they were required to be in writing and signed by the buyer.
E. Because the printers were sold outside Patty's home state, no writing was required.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:20
Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?
Answers: 2
question
Business, 22.06.2019 06:00
Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase
Answers: 1
question
Business, 22.06.2019 21:10
Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.
Answers: 3
question
Business, 22.06.2019 21:20
White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?
Answers: 1
You know the right answer?
Patty, who lives in East Tennessee, developed a new type of printer that required very little ink. A...
Questions