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Section 2-201(1) of the Uniform Commercial Code (UCC) States That

Question 57

Multiple Choice

Section 2-201(1) of the Uniform Commercial Code (UCC) states that ________.


A) all lease contracts must be in writing
B) lease contracts involving payments of $1,000 or more must be in writing
C) all sales contracts must be in writing
D) sales contracts involving payments of $500 or more must be in writing

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