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:

Merchandise Needs

The requirements for goods and products a business needs to buy for resale or for operational purposes.

Vendor

A person or business that provides products or services to another party, often as part of a supply chain.

Sales Prices

The set amount of money that a product or service is offered for sale to customers.