Exam 23: Nature and Form of Sales

A contract that has elements of both goods and services is always classified as a contract for the sale of goods.

If a contract calls for both rendering services and supplying materials to be used in performing the services, the contract is classified according to its dominant element.

A merchant cannot revoke a firm offer to buy or sell goods if the merchant has:

Sales law includes special rules that apply to merchants.

Which of the following can satisfy the statute of frauds writing requirement?

The CISG governs all contracts between parties in the countries that have ratified it.

The Uniform Commercial Code applies to:

An oral contract to sell custom-made goods to a buyer is binding if the goods are not suitable for sale to anyone else in the ordinary course of the seller's business, and the seller has made a substantial beginning in manufacturing or procuring the goods.

A firm offer is effective only if the merchant receives consideration to keep the offer open.

Goods physically existing and owned by a seller at the time of a transaction are called existing goods.

When the price of the goods is $500 or more, a writing signed by the defendant is required in all cases.

As a general rule, courts will __________ in recovering money or property transferred under an illegal agreement.

Which of the following situations create(s) an exception to the statute of frauds writing requirement?