Asked by Chloe Cluchey on May 07, 2024
Verified
Under the Uniform Commercial Code,contracts for the sale of goods must be in writing in order to be enforceable if they are priced at ________.
A) $100 or more
B) $500 or more
C) $1,000 or more
D) $1,000 or less
E) $500 or less
Uniform Commercial Code
A detailed set of ordinances dictating every commercial transaction in the United States.
Enforceable
Pertaining to a legal agreement or contract that is valid under the law and can be upheld and compelled by legal means in a court of justice.
Writing
A method of recording language through the inscription or recording of signs and symbols.
- Discern the utilization of common law and UCC statutes in the context of sales contracts, addressing the topics of insurable interest and unconscionability.
Verified Answer
KF
Kimbryanna FinneyMay 14, 2024
Final Answer :
B
Explanation :
Under the Uniform Commercial Code,contracts for the sale of goods must be in writing if they are priced at $500 or more.
Learning Objectives
- Discern the utilization of common law and UCC statutes in the context of sales contracts, addressing the topics of insurable interest and unconscionability.
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