Question: 5 2 dSpecial Exceptions Under the UCC Special exceptions to the applicability of the Statute of Frauds exist for sales contracts. Oral contracts for customized
dSpecial Exceptions Under the UCC
Special exceptions to the applicability of the Statute of Frauds exist for sales contracts. Oral contracts for customized goods may be enforced in certain circumstances. Another exception has to do with oral contracts between merchants that have been confirmed in a written memorandum. We will examine this exception when we discuss the UCCs Statute of Frauds provisions.
Exhibit graphically summarizes the types of contracts that fall under the Statute of Frauds and the various exceptions that apply.
Exhibit Contracts Subject to the Statute of Frauds
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
