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Contracts for Sale of Goods: Definition & Explanation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

If the written memorandum of the oral contract omits or incorrectly states a material term, the oral contract can still be enforced. The contract won't be enforced _____.

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1. The act that covers sales and other commercial transactions and encourages consistency between state laws is _____.

2. You and I have an oral contract for the sale of $600 worth of oranges. I ship the oranges to you, and you receive and accept the oranges. Then you refuse to pay me, saying the statute of frauds makes our oral contract unenforceable. Which of the following is true?

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About This Quiz & Worksheet

Use this quiz/worksheet combo to help you test your understanding of contracts for sale of goods. Some of the topics you'll be assessed on include how oral contracts are enforced as well as the law covering sales and other commercial transactions.

Quiz & Worksheet Goals

In the quiz and worksheet, you will be required to answer questions on:

  • Enforcement of oral contracts
  • Law covering sales and other commercial contracts
  • Exceptions to a statute of frauds involving the sale of goods

Skills Practiced

These assessments allow you to practice:

  • Reading comprehension - ensure that you draw the most important information from the related contracts for sale of goods lesson about how oral contracts are enforced
  • Information recall - access the knowledge you've gained regarding the law that covers sales and other commercial contracts
  • Knowledge application - use your knowledge to answer questions about situations where an oral contract is enforceable

Additional Learning

You can also explore this subject in the lesson entitled Contracts for Sale of Goods: Definition & Explanation. The lesson goes over information to meet the following objectives:

  • Describe statute of frauds
  • Know two requirements for a statute of frauds to be enforceable
  • Understand the Uniform Commercial Code (UCC)
  • List three exceptions to a statute of frauds involving the sale of goods
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