Santos told his friend Ernesto that he would sell Ernesto his car for $5,000. However, on the day of the sale, Santos refused to sell the car for the agreed-upon price and demanded more money. Which of the following statements is true in this scenario?
A) Ernesto can sue Santos as their oral sales contract was binding.
B) Santos has violated Section 2-201(1) of the Uniform Commercial Code (UCC) .
C) The oral contract to trade a car for $5,000 is not binding, according to the Uniform Commercial Code (UCC) .
D) Santos has violated Section 2A-201(1) of the Uniform Commercial Code (UCC) .
Correct Answer:
Verified
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