TheUCC allows parties to form sales and lease contracts without observing the same degree of formality used n forming other types of contracts.

Question

Quizplus · Accepted Answer

This is true. The UCC (Uniform Commercial Code) provides more flexibility in forming sales and lease contracts as compared to other types of contracts. For example, a sales contract can be formed through an offer, acceptance, and consideration, without requiring a writing or formal document. However, it is always advisable to have a written contract to avoid disputes and issues in the future.

TheUCC Allows Parties to Form Sales and Lease Contracts Without