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3 April, 11:20

Which of the following contracts must be in writing to be enforceable? a. a contract for the sale of a horse for $425 b. a contract for the sale of an easement for $375 c. a contract for $550 for binding books d. a contract for services from April 1, 2015 through December 15, 2016

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  1. 3 April, 11:45
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    C) a contract for $550 for binding books

    Explanation:

    UCC rules state that contracts sales or lease contracts must be in writing only when:

    the contract for the sale of goods must be worth at least $500 (only the contract for bindings books is worth more than $500) leasing contracts worth at east $1,000 include agreements that create a security interest, e. g. collateral for a loan.

    *If the parties involved are merchants, this rules might vary.
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Home » Business » Which of the following contracts must be in writing to be enforceable? a. a contract for the sale of a horse for $425 b. a contract for the sale of an easement for $375 c. a contract for $550 for binding books d.
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