ABC Technologies sells to Devon a television with a fair market value of $1000.00. According to the UCC must this contract be in writing to be enforceable?
A) No as long as their actions indicate that they parties entered into an agreement.
B) No as long as verbal statements followed by performance indicated an agreement.
C) Yes as contracts with goods with a total value of $500.00 or more must be in writing to be enforceable.
D) Yes as contracts with goods with a total value of $1000.00 or more must be in writing to be enforceable.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) requires that contracts for the sale of goods priced at $500 or more must be in writing to be enforceable. This rule is designed to prevent misunderstandings and fraud in transactions involving significant amounts of money.

ABC Technologies Sells to Devon a Television with a Fair