Asked by Jimmiria Porter on May 01, 2024

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To satisfy the UCC's Statute of Frauds, a writing evidencing a sales contract need only state the price term.

Price Term

A condition in a contract specifying the amount to be paid for the goods or services.

UCC's Statute

A legal guideline adopted to harmonize the law of sales and other commercial transactions across the United States.

  • Recognize the role of the Uniform Commercial Code (UCC) in determining the writing requirements for sales contracts.
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ZK
Zybrea KnightMay 07, 2024
Final Answer :
False
Explanation :
The UCC's Statute of Frauds requires a writing to indicate that a contract for sale has been made between the parties and be signed by the party against whom enforcement is sought. It does not require the writing to include the price term, but it must provide a basis for believing that the parties have agreed to some quantity of goods.