Question: What is the difference between a requirements contract and an output contract? Under the UCC's Statute of Frauds, sale contracts for goods priced at ___________

  1. What is the difference between a requirements contract and an output contract?
  2. Under the UCC's Statute of Frauds, sale contracts for goods priced at ___________ or more, and lease agreements requiring payments of __________ or more must be in writing to be enforceable in court.

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