According to __________, contracts for $500 or more must be __________ to be enforceable.

Question 4 options:

	UCC 2-201, in writing
	UCC 4-402, in writing
	UCC 1-102, orally stated
	UCC 2-304, orally stated

Question 5 (1 point)

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When a purchaser takes title to goods, but has the right to return them within a specified or reasonable time, the purchaser does not assume all the obligations of ownership while the goods are in his or her possession.

Question 5 options:

	True
	False

Question 6 (1 point)

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Before the hammer falls, a bidder may retract the bid:

Question 6 options:

	at any time.
	only if they cannot afford to pay.
	The bidder may never retract the bid.
	within five seconds of the bid.