D. Mail and Telephone Order Rule
To be enforceable under the Statute of Frauds, a:
A. written contract has to be a formal, preprinted agreement.
B. written contract cannot be keystroked or scrawled.
C. sales slip or a receipt does not qualify as forms of written contracts.
D. written contract can be a notation or a memorandum.
A written contract does not have to be a long, formal, preprinted agreement. Al-though
such lengthy, preprinted forms are common in some businesses, other—less formal
written—documents are frequently used to show that a contract exists, e.g., a letter,
sales slip and receipt, notation, or memorandum.
Which of the following is a rule recognized by the Restatement of Contracts?
A. The incompetent party must return all consideration even if the other party knew
about the person's impairment.
B. If a contract is executed, the impaired party can void the contract without returning
the other party to the place he/she was in before.
C. A person's contractual obligations are partially voidable depending upon the severity
of his/her mental and physical health.
D. A person's contractual obligations may be voidable if that person suffers from a
mental impairment that prevents him or her from acting in a reasonable manner.
To submit a shareholder proposal, a shareholder must have owned (for the past year)