Ray agrees to buy one hundred pounds of almonds from Sol. To be enforceable, the agreement must be in writing if the almonds cost at least
A) $50.
B) $250.
C) $499.
D) $500.

Question

Ray agrees to buy one hundred pounds of almonds from Sol. To be enforceable, the agreement must be in writing if the almonds cost at least​
A) ​$50.
B) ​$250.
C) ​$499.
D) ​$500.

Quizplus · Accepted Answer

The Statute of Frauds requires a written agreement for the sale of goods of $500 or more. Since Ray is buying 100 pounds of almonds, we need to determine the cost per pound to see if it exceeds $500. If the cost per pound is $5 or more, then the agreement must be in writing. If the cost per pound is less than $5, then the agreement can be oral. Therefore, if the cost per pound is $5 or more, the agreement must be in writing, which means that choice D is the correct answer.

Ray Agrees to Buy One Hundred Pounds of Almonds from Sol