A . What are the basic requirements of a writing within the statute of frauds in Article 2 of the UCC? b. In what three cases does Article 2 of the UCC permit an oral contract?

Answer 1

a . Article 2 requires a writing in contracts for the sale of goods for a price of $500 or more. The UCC requires a writing or record sufficient to indicate that a contract has been made between the parties, signed by the party against whom enforcement is sought or by an authorized agent or broker, and specifying the quantity of goods to be sold. Several related documents may satisfy the writing requirement.
b. Three exceptions to the writing requirement are found in Article 2 of the UCC. One exception is that no writing is required when the goods are specially manufactured, not suitable for resale in the ordinary course of business, and the seller has made a substantial beginning on their manufacture or has made commitments for their procurement. No writing is necessary when the contract is admitted in pleadings or testimony in court. No writing is necessary where the goods have been paid for and accepted or where they have been received and accepted.