Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started