The ________ requires all contracts for the sale of goods costing $500 or more and lease contracts involving payments of $1, 000 or more to be in writing.
A)parol evidence rule
B)open price term
C)firm offer rule
D)Statute of Frauds

Question

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The Statute of Frauds requires certain contracts, including contracts for the sale of goods costing $500 or more and lease contracts involving payments of $1,000 or more, to be in writing. The parol evidence rule relates to the admissibility of evidence in a lawsuit, the open price term pertains to a type of contract term, and the firm offer rule is a specific provision under the Uniform Commercial Code.

The ________ Requires All Contracts for the Sale of Goods