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Author Question: An option need not have consideration to be valid. Indicate whether the statement is true or ... (Read 31 times)

JMatthes

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on: Jun 24, 2018
An option need not have consideration to be valid.
  Indicate whether the statement is true or false

Question 2

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.


gabrielle_lawrence

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


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