A Writing for the Sale of Goods Under the UCC

question 9

True/False

A writing for the sale of goods under the UCC need not indicate that a sale or contract to sell has been made.

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Definitions:

Counter-Offer

A proposal made as a response to an offer, which negates the original offer and suggests new terms for an agreement.

Revocation

The official cancellation or withdrawal of an offer, license, or agreement.

Unilateral Contract

A binding agreement in which one party promises to do something in return for an act of the other party, rather than a promise.

Profit Participation

A financial arrangement where an individual's or entity's income is partially derived from the profits of a business or project.