Uniform Commercial Code $($UCC$)$

Answer and discuss the following:

A contract is an agreement enforceable by law and there are two sources of contract law: common law of contracts and state statutory law governing sales and lease transactions pursuant to the Uniform Commercial Code $($UCC$).$ The goal of the UCC was to simplify and streamline commercial business transactions. Businesses look to the UCC when contract law conflicts arise instead of having to $$run to the courthouse$$ to resolve disputes.

$$ Distinguish between Article $2$ of the UCC, Article $2$A and common law when it comes to the essential elements of a contract, that is$,$ offer, acceptance and consideration. Be sure to define and explain these terms.

$$ In what way is the UCC Statute of Frauds provision relevant when deciding whether parol evidence is admissible? Explain your answer.

Be sure to respond to one of your classmates' posts. Please provide answers to the discussion questions that are researched, informed, and substantiated by citing sources at the bottom of your discussion post following Strayer Writing Standards.