Contract Formation - UCC and Common Law Flashcards
Generally, under the UCC § 2-201(1), a commercial transaction is legally invalid unless the transaction terms are sufficiently written.
False
Generally, under the UCC § 2-201(1), a commercial transaction is invalid if the transaction terms are insufficiently written.
False
Generally, under the UCC § 2-201(1), all enforceable sale-of-goods contracts must be sufficiently written and signed.
False
Generally, the UCC § 2-201(1) governs the construction and interpretation of valid implied-in-fact, sale-of-goods contracts.
False
Generally, the UCC § 2-201(1) governs the enforcement and interpretation of valid implied-in-law, sale-of-goods contracts.
False
Generally, under the UCC § 2-201(1), valid oral, sale-of-goods contracts over $500 are enforceable.
False
Generally, under the UCC § 2-204(1), valid implied-in-fact, sale-of-goods contracts are enforceable.
True
Generally, under the UCC § 2-204(1), valid, implied-in-law, sale-of-goods contracts are enforceable.
True
Generally, under the UCC § 2-204(1), valid oral, sale-of-goods contracts are enforceable.
True
Generally, under the UCC § 2-204(1), a valid oral, $1,000 sale-of-goods contract is enforceable.
False
Generally, under the UCC § 2-204(3), valid but indefinite implied-in-fact, sale-of-goods contracts are enforceable.
True
Generally, under the UCC § 2-204(3), valid, but indefinite implied-in-law, sale-of-goods contracts are enforceable.
True
Generally, under the UCC § 2-204(3), valid but indefinite oral, sale-of-goods contracts are enforceable.
True
Generally, under the UCC § 2-201(1), a written sale-of-goods contract is unenforceable if certain certain negotiated terms are omitted in the writing.
False
Generally, under the UCC § 2-201(1), a written sale-of-goods contract is enforceable even if certain negotiated terms are stated imperfectly
True