UCC Section 2-204 provides three important rules that enable ...

[cagreen833]

UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally. Which of the following is NOT one of these rules?
 A) The parties may make a contract in any manner sufficient to show that they reached an agreement.
 B) A writing sufficient under the statute of frauds may be a simple memo, a letter, or informal note, but need not itself be a contract.
 C) The UCC will enforce a deal even though it is difficult to say exactly when it was formed.
 D) A court may enforce a bargain even though one or more terms were left open.

Question 2

Which of the following is a stated purpose of Article 2 of the UCC?
 A) to simplify the law governing real estate transactions
 B) to free up the courts from having to decide on contract issues
 C) to make the laws governing sales uniform among all 50 states
 D) to come up with a boilerplate form to be used in all sales transactions

[elyse44]

Answer to Question 1

B

Answer to Question 2

C