Under the UCC's Statute of Frauds, a sales contract for goods must be in writing to be enforceable if the price of the goods is at what amount?
Explanation
This is a quantitative question testing the specific monetary threshold that triggers the Statute of Frauds for contracts for the sale of goods under UCC 2-201. Contracts at or above this value must be in writing to be enforceable, subject to certain exceptions.
Other questions
In a commercial transaction involving the sale of goods, what happens when a common law contract rule conflicts with a state statutory law based on the Uniform Commercial Code (UCC)?
According to the Uniform Commercial Code (UCC), what defines a 'sale'?
To be classified as 'goods' under Article 2 of the UCC, what two characteristics must an item of property possess?
Under the UCC, when is a contract for the sale of minerals, such as oil and gas, considered a contract for the sale of goods?
When a contract involves a combination of goods and services, what test do courts generally use to determine if the contract is governed by the UCC?
Which of the following describes a person who is considered a 'merchant' under Article 2 of the UCC?
What is the total amount of lease payments that defines a lease as a 'consumer lease' under Article 2A of the UCC?
In a finance lease involving a lessor, a lessee, and a supplier, what are the lessee's obligations if the leased equipment turns out to be defective?
If a sales contract does not specify a price, how will a court determine the price under the UCC?
Under the UCC, what is the maximum length of time a merchant's firm offer can be held irrevocable without consideration?
What is the legal effect when a seller, in response to an order for goods, makes a prompt shipment of nonconforming goods without notifying the buyer that it is an accommodation?
In a contract between merchants under the UCC, when do additional terms in an acceptance NOT become part of the contract?
What does the UCC require for an agreement modifying a contract for the sale of goods to be binding?
Which of the following is an exception to the UCC's Statute of Frauds, making an oral contract enforceable?