Under the UCC, which of the following is NOT one of the elements that must be present for a contract to exist?

Question

Quizplus · Accepted Answer

Under the UCC, a contract for the sale of goods can be valid even if it does not specifically mention the price of the goods sold. The UCC is designed to be flexible and can fill in gaps like price, payment terms, and delivery with reasonable terms. However, it does require a quantity term to be enforceable and an indication that an agreement has been made. The signature of the party against whom enforcement is sought is also not always required, especially for contracts involving goods worth less than $500, but it is a critical element in certain situations, such as contracts for goods worth $500 or more (UCC Section 2-201).

Under the UCC, Which of the Following Is NOT One