In the case of Rosenfeld v.Basquiat,Basquiat sold several paintings to Rosenfeld and provided him with a written receipt.Unfortunately Basquait died before delivery and Basquait's heirs challenged the enforceability of the agreement.The court determined that:
A) because the written agreement was completed in crayon on a scrap of brown packing paper, the writing did not meet the formality of a proper contract.
B) because the written agreement did not contain the terms of delivery, the writing was too vague to form a contract.
C) because the writing contained the names of the paintings, the price paid and was signed by Basquait, the paper was sufficient to evidence a contract.
D) because the writing was not signed by Rosenfeld, the paper was not sufficient to evidence a contract
Correct Answer:
Verified
Q42: The UCC will permit an incomplete or
Q43: Which of the following would not be
Q52: UCC rules regarding acceptance of goods and
Q52: With regard to consideration in a sales
Q54: In Sons of Thunder,Inc.v.Borden,Inc.,it was alleged that
Q55: Two merchant companies have entered into a
Q57: Bob's Department Store in New York sends
Q58: Absent specific agreements between the parties,the reasonableness
Q60: Commercially reasonable means
A) getting the highest price
Q61: Cathy's Coaster Company uses cork in all
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents