A Contract for the Sale of a Car for $700,under

question 88

True/False

A contract for the sale of a car for $700,under the old UCC,must be in writing to be enforceable.

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Definitions:

Legal Implications

The potential legal consequences or effects arising from certain actions or decisions.

Mishap

An unforeseen accident or minor mistake resulting in damage or inconvenience.

Life Insurance Policy

A contract between an individual and an insurance company, where the insurer pays a designated beneficiary a sum of money upon the death of the insured person.

Beneficiary

A person or entity entitled to receive benefits from a will, trust, insurance policy, or other legal agreements.