Retail Sales Company and Standard Purchasing Corporation enter into a contract for a sale of goods.To be enforceable,the contract should be in writing if the goods are valued at more than
A)$5.
B)$15.
C)$50.
D)$500.

Question

Quizplus · Accepted Answer

According to the Statute of Frauds, contracts for the sale of goods valued at more than $500 must be in writing to be enforceable. Therefore, the best choice is D.

Retail Sales Company and Standard Purchasing Corporation Enter into a Contract