Introductory Business Law CLEP Prep Practice Exam

A contract of sale is generally enforceable when:

1. When one party is willing to perform

2. When it has been signed by both parties

3. When all the necessary elements are included

4. Both B and C

The correct answer is: Both B and C

A contract of sale is generally enforceable when both parties have signed it and all the necessary elements are included. Choice A is incorrect because both parties must be willing to perform for the contract to be enforceable. Choice B is incorrect because a signature alone does not guarantee that the contract is valid and enforceable, as all necessary elements must also be included. Choice C is incorrect because a signature from both parties alone is not enough to make the contract enforceable; it must also have all the necessary elements included. Therefore, the correct answer is D, as it includes both elements that are needed for a contract of sale to be enforceable.