Which of the following is needed in order to satisfy the Uniform Commercial Code's requirement for a written document?
A)The contract or memorandum needs only to state the price of the goods.
B)The contract or memorandum needs only to state the quality of the goods.
C)The contract or memorandum needs only to state the quantity of goods to be sold.
D)The contract or memorandum needs to state the price of the goods and the quality of the goods,but not the quantity to be sold.
E)The contract or memorandum needs to state the price of the goods,the quality of the goods,and the quantity of goods to be sold.

Question

Quizplus · Accepted Answer

Agreements in which the total price for a sale is $500 or more are required by Uniform Commercial Code Section 2-201 to be recorded in a written contract or a memorandum.To satisfy this requirement,the contract or memorandum need only state the quantity to be sold.

Which of the Following Is Needed in Order to Satisfy