Exam 23: Nature and Form of Sales

Consumer protection statutes may require a writing that is more detailed than the writing required by the statute of frauds provision of the Uniform Commercial Code.

The Uniform Commercial Code applies to:

Defenses raised in a suit based on a sales contract differ greatly from defenses used in regard to any other type of contract.

The UCC permits a court to refuse to enforce a sales contract that it finds to be unconscionable.

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

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

UCC Article 2 applies not only to contracts for the sale of familiar items of personal property, such as automobiles or chairs, but also to the transfer of commodities, such as oil, gasoline, milk, and grain.

When a term of an acceptance conflicts with a term of an offer but it is clear that the parties intended to be bound by a contract, the UCC still recognizes the formation of a contract, and the conflicting terms cancel each other and are ignored.

Any modification of a sales contract must be supported by some form of consideration.

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.

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

A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than:

Sales law includes special rules that apply to merchants.

Article 2 of the Uniform Commercial Code applies to the sale of:

An illegal sale:

The provisions of Article 6 concerning bulk transfers are designed to protect creditors.

Which term is not required in a writing in order to satisfy the statute of frauds?

An output or requirement contract is not enforceable unless the parties include an estimate of prospective amounts.

The provisions of the CISG have been strongly influenced by Article __________ of the UCC.

A contract for the sale of goods is not enforceable unless the contract clearly expresses the price.