A contract for the sale of a car for $700,under the old UCC,must be in writing to be enforceable.

Question

Quizplus · Accepted Answer

Under the old Uniform Commercial Code (UCC), which was in effect until 2002, contracts for the sale of goods over $500 were required to be in writing to be enforceable. Therefore, a contract for the sale of a car for $700 would fall under this requirement. However, under the current UCC, contracts for the sale of goods over $5000 are required to be in writing.

A Contract for the Sale of a Car for $700,under