Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HOw do I peer respond and ask a question: Good evening everyone, According to UCC 2-201, a contract that is worth more than $500.00 must

HOw do I peer respond and ask a question: Good evening everyone, According to UCC 2-201, a contract that is worth more than $500.00 must be in written form and signed by the parties to be enforced. Therefore, George can break the contract with Glenda and provide the contract to Jesse. The only support Glenda would have been if the contract which, her and George did come to an agreement on would be that of contractual law. However, the statute of frauds dismisses this since the agreement is worth more than $500.00 and not in written form. Glenda does not have any remedies if he does not sell it to her. George can ultimately decide not to sell it to either person since the statue of frauds enforces that the contract must be written and signed. -George

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith And Keenans Law For Business

Authors: Denis Keenan

13th Edition

1405824042, 978-1405824040

More Books

Students also viewed these Law questions

Question

What is quality of work life ?

Answered: 1 week ago

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago