Question: What are the requirements for UCC $ 2 - 2 0 1 ? Choose three answers. A writing sufficient to indicate the parties made a

What are the requirements for UCC $

2 - 201 ?

Choose three answers.

A writing sufficient to indicate the parties made a contract for any sale of goods priced $

500

or more, and when two merchants are involved, if a sufficiently definite memo is sent to the other within a reasonable time, the memo is valid against the recipient if the recipient provides no objections within ten days.

Quality of goods must be specified, so if two merchants are involved, and non

-

conforming goods are received, any memo regarding the non

-

conforming goods becomes valid against both merchants within ten days

The writing must be signed by whichever party is claiming there was no deal.

The quantity of goods must be specified.

What are the requirements for UCC $2-201? Choose three answers. A

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

SECTION B This section requires students to prepare the current accounts, capital accounts and appropriation statement of profit or loss for partnership business. You are given the business's...

subject : labour relations Collective Agreement Scavenger Hunt can you please answer this all questions and very good answers please Scavenger Hunt Questions (8 questions in total): Did the terms...

ole3 GPC's primary objective is to increase revenue 7% and net income 6% in each of the next 4 years prior to a planned initial public offering (in year 5). The company producess. Hans refuses to...

nnn You are familiar with the company because your spouse is an IT specialist for the company, and the current CFO is a former auditor for Wallace and Brace, CPA. Wallace and Brace, CPA is a regional...

Hello Raheema, This is a continuation of the assignment you completed for me about two weeks ago. Unit 4 [AC499: Bachelor's Capstone in Accounting] Unit 4 Practice Activity: Financial Report Analysis...

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Review all of the section on Contract Formation in Ch. 14 (14-1b). Sage Brushes is looking to buy materials for its brushes. List and explain the eight principles of contract formation they will want...

Case Delta Star Inc. v. Michaels Carpet World. The main issue in the case dealt with contract enforceability. 1. What were the three findings by the trial court that were subject to this appeal? 2....

The main issue in the case dealt withcontract enforceability. 1. What were the three findings by the trial court that were subject to this appeal? 2. When do estimates for services and goods become...

A woman hired as a prison librarian complained about harassment by a supervisor from another agency that operated within the prison. The behavior that was the subject of her complaint, some of which...

1. Give an example of a perception in the workplace someone had of you that was incorrect (or vice versa). Why do you think that was (based on the concepts covered so far in this courseinclude...

4. The normal balance side for asset, liability, and owners equity accounts is: a. left, left, right respectively. b. left, right, right respectively. c. right, right, left respectively. d. right,...

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...