Any contract involving a sale of goods of $100 or more must be in writing.

Name: Any contract involving a sale of goods of $100 or more must be in writing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) requires a contract for the sale of goods priced at $500 or more to be in writing to be enforceable, not $100. This threshold has been updated to $5,000 in the amendments to the UCC Article 2, but the original statement is incorrect based on the traditional $500 rule.

Any Contract Involving a Sale of Goods of $100 or More