Question

An oral contract for customized goods is enforceable.

T/F

If both parties are mistaken about a material fact, the mutual mistake does not void the contract.

T/F

Privity of contract is usually required in order for a party to be bound to a contract or have rights under a contract.

T/F

Answer 1

1)

Given statement is False.

An oral contract for customized goods is unenforceable because customized goods can not be saleable to another person so Contract must be in writing.

2)

Given statement is False.

Contract doesnot exit when material fact are mistaken so it is become void.

3)

Given statement is True.

Privity of contract means only party to the contract is bound to contract or have any right to the contract , contract can not confer rights or impose obligation upon third party who is not a party to the contract.

answered by: anonymous