Contracts for the sale of goods totaling more than $500 must be in writing according to ________.
A) federal law
B) Contract Federation Rules
C) the Uniform Commercial Code
D) state statutes
E) Uniform Contract Rules

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) requires that contracts for the sale of goods priced at $500 or more be in writing to be enforceable. This is known as the Statute of Frauds section within the UCC.

Contracts for the Sale of Goods Totaling More Than $500