Which of the following is true of oral contract payments?
A)In the case of part payment, an oral contract may be enforced for goods, for which payment has not been made and accepted.
B)A check or promissory note tendered as payment, but refused by the seller, constitutes as an oral contract payment.
C)Under the law of commercial paper, a check, or draft is an unconditional payment when delivered.
D)An oral contract can be enforced if the buyer has made full payment on the contract.

Question

Quizplus · Accepted Answer

An oral contract can be enforced if the buyer has made full payment on the contract, as full payment can serve as evidence of the contract's existence and terms.

Which of the Following Is True of Oral Contract Payments