SOF Flashcards

1
Q

Goods

A

Governed by the UCC
1. Writing required for $500 or more
2. Writing doesn’t need every single term but quantity is needed

  1. Between two merchants ?
    - if yes 10-day memo rule could apply
    - other merchant has ten days to object to the writing
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2
Q

UCC exception to statute of frauds

A
  1. Goods for which payment has been made and accepted or which have been received and accepted
  2. Good are specially manufactured for the buyer and are not suitable for sale to others
  3. Admits in pleading, testimony or otherwise in court that a K was made
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