UCC Terms Flashcards
1
Q
UCC 2-204 K for sale of good definition
A
A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a k
2
Q
2-201 UCC statute of frauds
A
A k for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a K for sale has been made between the parties and signed by the party against whom enforcement is sought
3
Q
Signed for UCC statute of frauds definition
A
Includes any symbol executed or adopted with present intention to adopt or accept a writing
Symbol could be the letterhead or billhead
4
Q
Merchants
A
Knowledge or skills peculiar to the goods involved in the transaction
