1. As we learned, Article 2 of the Uniform Commercial Code has generally superseded the common law with respect to the sale of goods in most U.S. jurisdictions. Which of the following best describes when the rules of Article 2 will govern a transaction?

1) All transactions for the purchase and sale of goods

2) All transactions for the purchase and sale of goods exceeding $500

3) Only transactions involving merchants for the purchase and sale of goods

4)Only transactions involving merchants for the purchase and sale of goods exceeding $500

2.Which of the following agreements, if any, would require a contract in writing to satisfy the requirements of the Statute of Frauds?

1) Batman contracts with Robin to provide "trusty sidekick" services for as long as it takes to catch all the crooks in Gotham City

2) Superman enters a contract to buy a used camera from Jimmy Olsen for $375

3) Spiderman contracts to purchase Norman Osborne's (Green Goblin's) penthouse apartment

4) Two or more of the above would require a contract in writing to be enforceable