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NOTE: This fact pattern will be utilized for Questions 6 through 10. On August 2, CNOOC, the state-owned China National Offshore Oil Corporation, offered to purchase Texas-based Oiltex, which produces and sells crude oil, natural gas, and geothermal energy, and manufactures and sells petroleum fuels and lubricants, fertilizers, and specialty minerals. Oiltex accepted the offer and their lawyers negotiated a written contract whereby CNOOC promises to pay $18.5 billion U.S. Dollars to Oiltex and Oiltex promised to sell all of its holdings and assets to CNOOC on January 1. The authorized officers of both companies signed the contract and both parties proceeded to perform their duties under the terms and conditions of the contract.   The contract is best classified as which of the following?

Fred contracts with Golf Carts Unlimited, Inc. to buy five golf carts. The contract lists the five carts as GC001, GC002, GC003, GC004, and GC005. Identification:

Larry buys an IPod for $150 and a new laptop for $1,200, and signs a one-year employment contract for a $4,800 monthly salary to start at the beginning of the next month. The statute of frauds covers:

Perfect Products, Inc. and Hot Springs Spa Stores enter into a contract for a sale of hot tubs. Under a shipment contract, the seller must:

Which of the following is an informal contract:

Apalachicola Oyster Company and Big Bend Storage Company enter into a long-term lease for a warehouse. To be enforceable, the lease must be in writing:

Publix Supermarkets buys fifty crates of pomegranates from Marzen Farms, Inc. The parties agree to ship the oranges “F.O.B. Publix Supermarkets” via Werner Trucking Company. The pomegranates rot in transit. The loss is suffered by:

All scientifically described animals have at least a two part name. The first part is the a)__________ name and the second part is the b)______________ name. What are (a) and (b) respectively.

What is FALSE about a “good” biological species?

A possible answer to an interesting question, when following scientific method.