The statutes of frauds provision of the UCC states that contracts for the sale of goods worth $500.00 or more must be "sealed."

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The UCC statute of frauds provision requires that contracts for the sale of goods worth $500 or more must be in writing but does not require them to be "sealed." The writing must include the essential terms of the agreement and be signed by the party against whom enforcement is sought.

The Statutes of Frauds Provision of the UCC States That