Section 2-201(1) of the Uniform Commercial Code (UCC) is the basic Statute of Frauds provision for ________.
A) sales contracts
B) lease contracts
C) all contracts involving interests in real property
D) mortgage contracts

Question

Quizplus · Accepted Answer

Section 2-201(1) of the UCC deals specifically with sales contracts and requires that any contract for the sale of goods for $500 or more must be in writing to be enforceable. This provision does not apply to leases, contracts involving interests in real property, or mortgage contracts.

Section 2-201(1) of the Uniform Commercial Code (UCC) Is the Basic