Asked by Keneth Cheruiyot on Apr 27, 2024
Verified
The UCC requires that all contracts for the sale of goods must be in writing or in proper electronic form.
UCC
The Uniform Commercial Code is an extensive collection of statutes that regulate every aspect of commercial dealings across the United States.
Proper Electronic Form
A format for electronic documents that meets legally recognized standards and requirements for validity and enforceability.
- Identify the legal validity of agreements in multiple formats, such as electronic contracts, within the realm of contract law.
- Determine the criteria necessary for a contract's validity under the statute of frauds.
Verified Answer
GB
gizeal bahatiApr 29, 2024
Final Answer :
False
Explanation :
The Uniform Commercial Code (UCC) does not require all contracts for the sale of goods to be in writing or in electronic form. It allows for oral contracts and informal agreements, except for contracts involving goods priced at $500 or more, which under the Statute of Frauds section of the UCC, generally require a written confirmation to be enforceable.
Learning Objectives
- Identify the legal validity of agreements in multiple formats, such as electronic contracts, within the realm of contract law.
- Determine the criteria necessary for a contract's validity under the statute of frauds.
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