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The $500.00 limit for the Statute of Frauds in the Uniform Commercial Code was set a number of years ago. Do you think that this
The $500.00 limit for the Statute of Frauds in the Uniform Commercial Code was set a number of years ago. Do you think that this amount should be increased? Explain your answer. If yes, what amount do you think it should be increased to and how did you arrive at this new proposed amount? If no, explain why you think it should not be increased.
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