Under the UCCs Statute of Frauds, sale-of-goods contracts for $500 or more must be in writing to

Question:

Under the UCC’s Statute of Frauds, sale-of-goods contracts for $500 or more must be in writing to be valid. But since Article 2 only covers sale-of=goods contracts, agreements to sell services are not subject to the rule. Should the common law change so that all contracts valued at $500 or more have a writing requirement, or would that place an undue burden on business?  

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Business Law

ISBN: 9781337404341

6th Edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Abril

Question Posted: