Multiple Choice
Under UCC Section 2-201, contracts for the sale of goods of $500 or more fall within the statute of frauds and must be in writing to be enforceable. Exceptions to this rule include all but which of the following?
A) the agreement is between a merchant seller and a non-merchant buyer
B) one of the parties to a suit admits in writing or in court to the existence of an oral contract
C) a buyer accepts and uses the goods
D) the contract is between merchants, and the merchant who is sued received a written confirmation of the oral agreement and did not object within 10 days.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: Fraud is one of the factors that
Q68: An assignment is the present transfer of
Q69: An executory contract is a contract the
Q70: Which of the following is an example
Q71: Under Uniform Commercial Code Section 2-_ ,
Q73: In an contract, two parties to a
Q74: An offeree can forestall a revocation by
Q75: Contract law is grounded in .<br>A) state
Q76: What purpose does the Restatement of the
Q77: Article 2A of the Uniform Commercial Code