Business and Personal LawChapter 7:
Consumer Law and ContractsSelf Check AnswersSection 7.1 - the sale and lease of goods
- Must be in writing for the sale of goods for $500 or more. Exceptions: oral contracts between two merchants when a confirmation is sent in writing and no objective is made; oral contracts for specially manufactured goods; admissions in court; executed oral contracts.
- When the seller does what is required under contract.
Section 7.2 - gives buyer three business days to cancel contracts made away from seller's regular place of business
- by a statement of fact, by a description of the goods, and by presenting a sample
- guarantee that title is being given is good and transfer is lawful
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