Which of the following contracts requires a writing under the UCC, article 2?
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Which of the following contracts requires a writing under the UCC, Article 2?
Question:
Select the contract that will require a written contract further to UCC Article 2:
- A service contract between a professional services firm and a client in the software industry
- A toy manufacturer contracted to sell dolls valued at $10,000 to a department store
- A real estate agency contracted evaluate a $1,000,000 property
- A retail shop hiring a marketing agency to evaluate their marketing campaign
Answer:
A toy manufacturer contracted to sell dolls valued at $10,000 to a department store
In fact, the contract between a manufacturer to sell dolls valued at $10,000 to a department store is a merchant-to-merchant contract, over $500, relating to a sale of goods is subject to the Uniform Commercial Code, Article 2.
As a result, under Article 2 of UCC, the contract must be in writing.
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Which of the following contracts requires a writing under the UCC, Article 2?
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