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Susie, who has a ladies' dress shop, reached an oral agreement with Kim, a wholesaler, to purchase 100 dresses for $80 each, with the dresses
Susie, who has a ladies' dress shop, reached an oral agreement with Kim, a wholesaler, to purchase 100 dresses for $80 each, with the dresses to be delivered within 30 days. Kim later agreed to a modification whereby she would add ten belts to go along with certain dresses at no extra charge. Susie sent Kim a memo confirming their oral agreement but heard nothing. When the dresses did not arrive within 30 days, Susie checked with Kim. Kim told her that their agreement was no good because Kim never signed anything and that the UCC does not apply in the retail arena. Which of the following is true regarding Kim's statement that the UCC does not apply in the retail arena? Kim is correct in that the UCC does not apply in the retail arena. Kim is partially correct. The UCC does not apply in the retail arena if the parties have had significant past dealings under common law. Kim is partially correct. The UCC does not apply in the retail arena if the parties are located in the same state. Kim is partially correct. The UCC does not apply in the retail arena if the parties have had significant past dealings under common law or if the parties are located in the same state. Kim is incorrect
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