The Uniform Commercial Code (UCC) includes a number of provisions that apply to

Question

The Uniform Commercial Code (UCC) includes a number of provisions that apply to contracts between merchants. One provision of the UCC is the Statute of Frauds.

Hot Coffee (a fictional Florida corporation) entered into a $1,000 contract for the sale of their mugs to an independent grocery store called Foods ‘r’ Us. Are there any specific requirements for Hot Coffee’s contract based on the Statute of Frauds?

In your assignment:

Summarize the Statute of Frauds

Discuss what, if any, the specific requirements would be for the contract between Hot Coffee and Foods ‘r’ Us

Explanation / Answer

Statue of frauds mentions that certain contracts needs to be in writing in order to be enforceable by law. It also must be signed by the parties that intend to enter into the contract. While this does not apply to every type of contract there are certain contracts which must follow this requirement. They are

Since the sale of goods value exceed $500 in this particular case there should be a written contract between Hot Coffee and Foods R Us. This contract must also be signed by the authority from both the parties.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.