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.

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 in order to be enforceable in court. The parol evidence rule, Lord Tenterden's Act, and firm offer rule are not directly related to this requirement.

The ________ Requires All Contracts for the Sale of Goods