chapter 17 true or false

TRUE-FALSE QUESTIONS 1. If the subject of a sale is goods, Article 2 of the UCC applies. 2. A contract for a sale of goods is subject to the same traditional principles that apply to all contracts. 3. If the subject of a transaction is a service, Article 2 of the UCC applies. 4. The UCC requires that an agreement modifying a contract be supported by new consideration to be binding. 5. Under the UCC's Statute of Frauds, a writing must include all material terms except quantity. 6. Under certain circumstances, an oral contract for a sale of goods priced at $500 or more can be enforceable despite the absence of a writing. 7. A lease agreement is a bargain between a lessor and a lessee, as shown by their words and conduct. 8. Under the UCC, acceptance can be made by any means of communication reasonable under the circumstances. 9. No oral contract is enforceable under the UCC