The most recent revision to UCC 2-201 requires that contracts for the sale of goods costing ________ must be in writing to be enforceable.A state must adopt this amendment for it to become effective; most states,however,have not enacted this change.
A) $500 or more
B) $500 or less
C) $5,000 or more
D) $5,000 or less
E) $5,000, more or less

Question

Quizplus · Accepted Answer

The most recent revision to UCC 2-201 requires that contracts for the sale of goods costing $5,000 or more must be in writing to be enforceable. However, this amendment is not automatically effective and must be adopted by individual states, many of which have not enacted this change.

The Most Recent Revision to UCC 2-201 Requires That Contracts