Under the UCC, a Contract for the Sale of Goods

question 74

Multiple Choice

Under the UCC, a contract for the sale of goods valued at $500 or more ________.

• A) must be in writing in order to be enforceable
• B) must be on a special form
• C) is considered a mixed sale
• D) must be purchased by credit
• E) is an irrevocable sale

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Definitions:

Hazardous Waste Site

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Means Test

A procedure used to determine eligibility for certain types of government assistance or legal aid, based on the financial situation of the applicant.

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A bankruptcy provision under U.S. law that involves the liquidation of a debtor's assets to pay off creditors.