Asked by Shehroze Tariq on May 13, 2024
Verified
Is Terrill correct that they do not have a sufficient written contract?
A) Yes, because the email is insufficient to constitute a writing as it did not include price.
B) Yes, because the only term was the quantity, which is not enough to establish a contract.
C) Yes, because the agreement was less than $500, which need not be in writing.
D) No, because the writing need only state the quantity to be sold.
E) No, because he is confusing the sale of goods with the sale of personal property.
Statute of Frauds
A legal concept that requires certain types of contracts to be in writing and signed by all parties involved to be enforceable.
Written Contract
An agreement between two or more parties that is expressed in written form and is intended to be enforceable by law.
- Delineate the kinds of contracts that are required to be written as dictated by the statute of frauds.
- Understand how electronic transactions are treated under laws related to the statute of frauds.
Verified Answer
MS
Mangal SinghMay 19, 2024
Final Answer :
D
Explanation :
The Uniform Commercial Code (UCC) requires that contracts for the sale of goods priced at $500 or more be in writing to be enforceable. However, the writing need only specify the quantity of goods to be sold to satisfy the statute of frauds. In this case, Trace's email specifying the quantity (30 tuners) meets this requirement, making the contract enforceable despite not mentioning the price, as the price had been previously established in their conversation.
Learning Objectives
- Delineate the kinds of contracts that are required to be written as dictated by the statute of frauds.
- Understand how electronic transactions are treated under laws related to the statute of frauds.
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