The UCC Does Not Apply to a Contract for the Sale

question 26

True/False

The UCC does not apply to a contract for the sale of goods if the value of the goods is less than $500.

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Definitions:

Relative Deprivation Theory

A sociological theory suggesting individuals evaluate their wealth and social status in relation to others, feeling deprived if they perceive themselves as having less.

Value-Added Theory

A sociological theory that views social movements as having layered, accumulative causes such as structural strain, growth and spread of a solution, and the lack of social control.

Mass Society Theory

A sociological theory suggesting that mass media and industrialization lead to a loss of traditional social ties, creating a mass of isolated individuals.

Community Ties

The bonds and relationships between individuals in a community that foster a sense of belonging and mutual support.