Exam 22: 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.

With regard to transactions between merchants, failure to repudiate a confirming letter within ten (10) days after receipt binds the non-signing merchant, just as if he had signed the letter or a contract.

All of the following are covered by Article 2 of the UCC except: ______.

To satisfy the statute of frauds, the writing must be signed and must include the price of the goods.

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

A bailment is a special form of a sale of goods in which possession is transferred to a bailee.

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.

A gift is a free transfer of the title to property.

An offer to buy or sell goods may be accepted in any manner that is reasonable under the circumstances.

A contract of indefinite duration may be terminated by notice from either party to the other party.

All of the following satisfy the Statute of Frauds' except: ______.

The parol evidence rule does not apply to the sale of goods.

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